Frequently Asked Questions
How does it work?
We effectively become your tenant, guaranteeing you a fixed annual rental income regardless of whether the property is empty or the tenant stops paying. We then sub-let the property, taking great care to select the right kind of tenants because if they stop paying, leave suddenly or damage the property we take the financial hit rather than you.
How do you calculate the rent you offer me?
We look at the market rate for your property and offer you a monthly rental value which is marginally less than we would hope to charge a sub-tenant, but completely removes all of the risk and hassle associated with letting. If you would like to calculate what your real rental income might be when all the unforeseen costs, lost rent & commission are added in click through to our rental income calculator
Is it an insurance policy?
No. Our service truly provides you with guaranteed rent 52 weeks of the year. Unlike other products on the market, we do not charge any premiums and we do not have any exclusions or clauses which may stop your rent payments. If you are tempted by someone else's Guaranteed rent insurance or landlord insurance coverage we encourage you to carefully read all the fine-print first. For a more detailed comparison please click through.
What about the internal condition of the property?
When we sub-let the property we take the normal deposit from the tenant which is then registered with one of the approved deposit protection services. When the tenant checks out, the deposit is used to cover the cost of damages that might have been incurred. We guarantee to pay you up to 1.5 times the monthly rent, subject to fair wear and tear in respect to the condition of the property.
How long does the contract run for?
Depending on the office, we can offer contract periods of anywhere from 12 months upwards. Contracts can easily be renewed either on a rolling basis or even online using our View an example portfolio ».
What areas do you cover?
We are a network of 80 offices throughout the country and therefore cover the vast majority of the country. For details of your local office and the areas that they cover please click here.
Why should I trust you?
Northwood were the first company to offer genuine guaranteed rent in the UK and we have been doing so since 1995. We currently have over 13,000 Guaranteed Rent landlords spread over 80 high street offices across the country (no anonymous online operators here) Northwood are also a founder member of the SAFEagent scheme & all our offices belong to either The National Approved Letting Scheme (NALS) or Association of Residential Letting Agents (ARLA)
What are the benefits of Guaranteed Rent to me as a landlord?
No void periods, no rent arrears, no commission, set-up fees, renewal fees or any other “hidden extras”. No need to deal with the tenants at all. We can be flexible with payment dates, contract lengths & start dates.
What do I do next?
You can click through to request an appraisal of your property. The details will be sent through to the closest office to your property and you will be contacted to either arrange for an appointment or to receive further information. Alternatively you can locate your local office & contact them directly.
Is it for me?
The right choice of letting service for each landlord essentially depends on the level of responsibility and risk that they are prepared to take. Our Guaranteed rent best suits landlords who want the financial stability of knowing what their rental income will be each month but with the benefits of the best property management available.