Discover the guaranteed rent scheme for landlords and enjoy hassle-free property management. Maximise your rent with our trusted letting agents.
We are acknowledged as one of the best property management companies in London, with two decades of experience delivering high quality property management services to landlords. Our guarantee rent scheme can help to take the stress and financial uncertainty out of being a landlord and enable you to be sure exactly what your rental income will be, safe in the knowledge that you can rely on that income coming in each and every month.
It might sound too good to be true, but our guaranteed rent scheme means that participating landlords will receive their agreed rental amount each month even if there is no tenant in their property. Guaranteed rent for landlords makes letting out property a much less risky proposition and frees property owners from the loss of income that has traditionally been associated with void periods between tenancies.
What is the difference between a guaranteed rent scheme and rent guarantee insurance?
A guaranteed rent scheme involves passing management of a property over to a third party such as a firm of guaranteed rent letting agents like ourselves. The property managers then guarantee that the property owner will receive an agreed sum in rent for the property which the management is responsible for paying whether there is a rent paying tenant in the property or not. Rent guarantee insurance is a product designed to cover missed rental payments for a limited amount of time.
How much does it cost to have a guaranteed rent scheme?
A guarantee rent scheme will vary in cost depending on factors such as the size, type and value of the property in question and market rents. For a quotation to detail all applicable costs and the amount of rental income you would be guaranteed each month, get in touch with us now for a full evaluation of your property by one of our experienced team.
How is the rental income guaranteed under the scheme?
Guaranteed rent for landlords is precisely that. As a management company, we assume responsibility for the rental of your property. As part of that agreement, we undertake to pay the property owner a set amount per month. Essentially if a tenant fails to pay their rent on time or there is a void period where the property is empty it is our job to deal with that and it is our responsibility to pay that agreed monthly amount to the property owner.
What happens if a tenant defaults on their rent payment?
As a guaranteed rent property management company, part of our job is to find and vet tenants to occupy the properties we look after, and our responsibility to ensure that the property owner receives their agreed monthly rental fee on time. If a tenant defaults on their rent payment any action to recover unpaid rent would be undertaken by us and we would pay the agreed rental to the property owner until a new tenant is found.
Am I eligible to participate in the guaranteed rent scheme?
If you are the freeholder of a residential property that you wish to make available for rent, then you can participate in our guaranteed rent scheme.