How does it work?
You’ll get fixed monthly payments regardless of whether the property is ‘let’ or ‘vacant’ and even if the tenant stops paying. We offer a minimum12 month contract* during which we manage every aspect of the tenancy for you. 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.
Why Guaranteed Rent?
Letting a property is an unpredictable process, you never know what might affect your rental income. This can be a bit of a shock, particularly for new landlords, who expect to have 12 times the monthly rental in their pockets at the end of the year. Unfortunately this is rarely the case.
There can be empty or ‘void’ periods between tenancies when no rent is coming in, tenants can be late in making payments (sometimes
very late), properties might need repairs after damage or other unexpected costs. Occassionally there is even a need for legal action.
Demands on time
Being a landlord can take considerable time and effort. Dealing with questions, requests or complaints from tenants on top of all the normal demands in life can become a real source of frustration for landlords.