Property Guardianship Offers Discounted Rent in Exchange for Building Supervision

Property guardianship provides an alternative housing solution where individuals live in vacant commercial or residential buildings in exchange for a heavily discounted rent. This arrangement requires residents to supervise and maintain the properties, which can range from disused schools to former care homes.

Residents often describe the living situation as a blend between university halls and shared apartment living. They typically share communal spaces such as kitchens and bathrooms, fostering a community atmosphere. The occupants are diverse, including professionals like lawyers and artists, who find the communal aspect appealing. "I pay £580 a month to live in a disused care home," one guardian shared.

While the communal living can be social, it also presents challenges. Disagreements over noise are common, according to some residents. Property guardians are subject to a vetting process managed by companies like Lowe, which handles the property. The company states it acts swiftly on any breaches of its standards, noting that the "overwhelming majority" of guardians are "brilliant, community-minded residents."

Despite potential issues, the primary draw of property guardianship is the significantly lower cost of living compared to traditional housing markets. This model effectively utilizes underused buildings while providing affordable accommodation for guardians.