Guaranteed Rent FAQs – Northwood Exeter
Thinking about Guaranteed Rent in Exeter? You’re not alone. Many landlords across Devon are choosing Northwood’s unique scheme for peace of mind, consistent income, and stress-free property management.
Here, we’ve answered the most common questions we receive from landlords just like you.
What is Guaranteed Rent?
Our Guaranteed Rent Scheme means we effectively become your tenant. You receive a fixed monthly income, and we take care of everything — from finding and managing tenants to handling maintenance and legal compliance. Even if the property is empty, you’ll still get paid.
How does Guaranteed Rent differ from standard letting?
With traditional lettings, your income depends on your tenant paying rent and your property being occupied.
With Guaranteed Rent, Northwood Exeter pays you every month, on time, regardless of whether a tenant is living there or not. You avoid void periods, late payments, and the headaches of rent chasing or repairs.
Do I still have to deal with tenants or maintenance?
No – that’s the beauty of Guaranteed Rent. We take care of tenant communication, rent collection, maintenance issues, and legal compliance. You can be as hands-off as you like while still earning a consistent income.
Will I get less rent than with a standard tenancy?
The monthly rent we pay may be slightly lower than a market-led tenant rent, but you’ll gain certainty, stability, and no costs from voids, arrears, or management fees. In most cases, landlords find that their overall annual income is comparable — and often higher — when factoring in reliability and reduced stress.
Who qualifies for Guaranteed Rent?
Our scheme is open to landlords with properties in good condition across Exeter and the surrounding areas, including Topsham, Alphington, Exminster, and Cranbrook.
Whether you own one property or a portfolio, our team will assess your home and confirm eligibility following a free rental appraisal.
How long does the Guaranteed Rent contract last?
We offer flexible agreements to suit your needs — typically ranging from 12 months to 5 years. You can choose the option that best fits your investment goals and future plans.
Are there any fees or hidden costs?
None at all. Northwood Exeter covers management, advertising, and tenant find costs within the Guaranteed Rent agreement. You receive a clear, agreed amount every month with no deductions.
What happens if the tenant damages my property?
We take full responsibility for the condition of your property during the contract. At the end of the agreement, we return it to you in the same condition it was received — allowing for fair wear and tear. We also carry out regular inspections to ensure your investment is protected.
Is Guaranteed Rent legal and regulated?
Yes — Northwood’s Guaranteed Rent Scheme is fully compliant with UK lettings legislation and has been successfully run nationwide for over 20 years. Our contracts are clear, transparent, and approved by legal experts.
Can I switch from my current letting agent to Northwood Exeter?
Absolutely. Many landlords join us after experiencing poor communication or rent delays elsewhere. We’ll handle the agent switch for you, making the transition seamless and stress-free.
How do I find out what my Guaranteed Rent could be?
Simply contact our team for a free, no-obligation valuation. We’ll visit your property, assess its potential, and provide a Guaranteed Rent offer tailored to you.
Start Your Hassle-Free Letting Journey Today
If you’re ready for a simpler, safer way to rent your property in Exeter, contact Northwood Exeter today.
Call or visit our office for your free Guaranteed Rent consultation — and start earning secure income with zero stress.