What is guaranteed rent?
If the property is vacant or the tenant fails to pay the rent, you still get paid. You will know 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
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.
Internal condition guaranteed
We effectively become your tenant, so it is vital that the tenants we select treat your property with respect. We cover UNLIMITED costs of internal damages caused by the tenant, so if things do get damaged, we take the financial hit.
We deal with the tenants
You wont be bothered at any time by the tenant residing in the property. No requests in the middle of the night to deal with a burst pipe or broken boiler! We deal with this for you.
Same day rent payment
We pay your rent on the same day, giving you the peace of mind when working out budgets or just ensuring that the mortgage is paid on time. There is no uncertainty, as we are your professional tenants.
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.
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.
Comparison between our Property Management Service and a traditional letting agent:
Our Property Management Service
- No Agent Commission
- No Landlord setup costs
- No VAT
- No lost rent due to Voids
- No lost rent due to Arrears
- No court costs
- Rent 100% GUARANTEED
- 15%+ Agent Commission
- £200 – £750 Landlord setup costs
- 20% VAT
- Void periods at Landlord Expense
- Rent arrears at Landlord Expense
- Court costs at Landlord Expense
- Net rent UNPREDICTABLE