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
We deal with the tenants
You won¹t 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.
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.
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.
Internal condition guaranteed
We effectively become your tenant, so it is vital that the tenants we select treat your property with respect. We cover part costs of internal damages caused by the tenant, so if things do get damaged, we take some of the financial hit.
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 programme we will meet some of the legal costs & manage the process whilst you continue to receive your rental payments.
|Letting Agent||Guaranteed programme|
|Agent commission||15%+||no commission|
|Landlord set-up costs||£200 – £750||no commission|
|VAT paid||20%||no VAT|
|Void period||landlord costs||no lost rent|
|Rent arrears||landlord risk||no lost rent|
|Court costs||landlord risk||no court cost|
|Net Rent||UNPREDICTABLE RENT GUARANTEED||UNPREDICTABLE RENT GUARANTEED|
How it works…
We effectively become your tenant
Many landlords prefer tenants who are professionals; we become your professional tenants. You will only ever deal with us as the contract is between us and you (the landlord).
Select the right tenants
We sub-let the property, taking great care in selecting the right kind of tenants because if they stop paying, leave suddenly or damage the property, we take the financial hit rather than you. We complete full background and credit checks on all tenants!!
We pay you slightly less than the market rent value that we would hope to achieve for the property when we sub-let it but, in return take on all the risk and responsibility for managing it. As experts in the rental market, we are confident that the annual rental income you actually bank is more than you’d get if you decided to go it alone or use a more traditional service. Our landlords must agree as we are a leading provider of property management in London.
Hassle free service… GUARANTEED!