We support landlords and investors who want freedom as well as profit from their investments
Key Features at a glance
- Guaranteed Rent paid on time no matter what
- No fees or commission
- All legal costs for evicting the tenant will be covered by us
- Property condition is paramount
- No need to worry about voids, basic maintenance or utility bills
What is Guaranteed Rent?
We offer a minimum 12 month contract during which we manage every aspect of the tenancy. There are absolutely no fees, commissions or hidden extras to pay. The key difference between Guaranteed Rent and more traditional services is that it is a contractual agreement between us and you (the landlord) in which we, effectively, become your tenant.
In a nutshell ‘hassle free letting’.
You will still get paid even if the property is vacant or the tenant fails to pay the rent. You receive fixed monthly payments for the agreed amount regardless of whether the property is ‘let’ or ‘vacant’ and even if the tenant stops paying. You will have peace of mind knowing exactly what will arrive in your bank account each month for the duration of the contract.
No fees or commission
There are no charges for setting the contract up, no tenant introduction fees, no commissions and absolutely no ‘hidden extras’ to pay
We deal with the tenants
You won’t be bothered at any time by the tenant residing in the property. No requests in the middle of the night to deal with a lost key, burst pipe or broken boiler! We organise this all for you.
|Typical Service||Guaranteed Rent Service using us
|Agent commission||8 – 15%||no commission|
|Landlord set-up costs||£200 – £750||no commission|
|VAT paid||20%||no VAT|
|Void period||landlord costs||no lost rent|
|Rent arrears||landlord risk||no lost rent|
|Court costs||landlord risk||no court cost|
|Net Rent||UNPREDICTABLE||RENT GUARANTEED|
Guaranteed contract start date
We guarantee you a contract start date so you will know exactly when you can expect to receive your first payment. You will not need to wait for tenants to move in before receive your first payment, as we, effectively, become your tenant.
No empty (void) periods
We pay even when the property is empty so there are no void periods on the property for you. With the average void period between tenants of 60 days (NLA survey, April 2013) this will really help secure your income.
Internal condition guaranteed
We effectively become your tenant, so it is vital to us that the tenants we select treat your property with respect. We will inspect the property regulary to make sure the condition is maintained.
Legal costs are covered
Occasionally there is a need for court action to evict a tenant or recover unpaid rent. This can be both time-consuming and costly. With our Guaranteed Rent we will meet all the legal costs & manage the process whilst you continue to receive your rental payments.