Guaranteed Rent FAQs

How does it work?

How long is the contract?

What parts of the country do you cover?

Why should I trust you?

What about the internal condition of the property?

What are the benefits of Guaranteed Rent for landlords?

Is it for me?

Is it an insurance policy?

How does it compare with other "Guaranteed Rent" offers?

What do I do next?


How does it work?

We effectively become your tenant, guaranteeing you a fixed 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. If they stop paying, leave suddenly, or damage the property, we take the financial hit rather than you.

How long is the contract?

Depending on the office, we can offer contract periods from a minimum of 12 months. Contracts can be renewed either on a rolling basis or online.

 

What parts of the country do you cover?

We are a network of over 85 local offices throughout the UK, and therefore we cover the vast majority of the country. For details of your local office please click here.

 

Why should I trust you?

Northwood were the first company to offer genuine Guaranteed Rent in the UK in 1995, and today we have over 20,000 Guaranteed Rent landlords spread over 85 high street offices across the country. We are also a founder member of the SAFEagent scheme and all our offices belong to either the National Approved Letting Scheme (NALS) or the Association of Residential Letting Agents (ARLA).


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 any damages. We guarantee to pay you up to 1.5 times the monthly rent, subject to fair wear and tear, in respect of the condition of the property.


What are the benefits of Guaranteed Rent for landlords?

No void periods, no rent arrears, no commission, no set-up fees, no 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, and start dates.

 

Is it for me?

Finding the right letting service for you depends on the level of responsibility and risk you are prepared to take. Our Guaranteed Rent service best suits landlords who want the financial stability of knowing what their rental income will be each month, with the benefits of the best property management available.

 

Is it an insurance policy?

No. Our service provides you with Guaranteed Rent each and every month. We do not charge any premiums. If you are tempted by other Guaranteed Rent insurance or landlord insurance policies, we encourage you to read all the fine-print first.


How does it compare with other "Guaranteed Rent" offers?

There are a number of different Guaranteed Rent services on the market. Essentially, there are four different models:

1. Our Guaranteed Rent service
2. Guaranteed Rent protection insurance
3. Agents acting on behalf of a local council
4. Rent to rent agents or individuals

It's vital for any landlord to understand exactly what is and what isn't being guaranteed by their lettings service. Please click here for more information.

 

What do I do next?

You can click here to request an appraisal of your property. The details will be sent through to your closest office and we will contact you either to arrange an appointment or for more information.

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