It is no secret that there is less demand for rented properties across the UK. With a worrying combination of job losses and general financial insecurity rising due to the pandemic, landlords are becoming increasingly concerned about empty properties and rental arrears. But don’t worry! Our guaranteed rent scheme can help take away all the stress and hassle that renting a property brings, while also offering you financial security and peace of mind. We can provide you with a regular, guaranteed rental income, eliminating many of the risks landlords face, including empty properties, rental arrears, and evictions.
Does this sound too good to be true? Well, we’ve put together a complete guide to the guaranteed rent scheme to show you how this solution works and the advantages it offers to landlords.
Guaranteed Rent Property Management
What does a guaranteed rent scheme entail?
A guaranteed rent scheme is exactly what it says on the tin – a landlord enters into a contract with a third-party company that takes control and manages the property. The third party (usually a property management company or a letting agent) becomes the landlord’s tenant and pays a fixed monthly income over a specified period. This continues even if your property is empty, the tenant is in arrears, or stops paying altogether – all of which we handle on your behalf.
Here at Denhan, not only do we offer a fixed monthly income, but we also include:
- Help finding tenants
- Advertising and marketing
- Property maintenance
- Rent collection
- Housekeeping for short-term leases
- Insurance
- Legal expense coverage
- Eviction management
- Regular inspections
This arrangement ensures landlords can enjoy the perks of renting without the effort.
What is a Council Guaranteed Rent Scheme?
A council guaranteed rent scheme or council rent guarantee scheme is run by local authorities that lease private properties to house tenants. The council guarantees rent, providing landlords with stable income and fewer management responsibilities. These schemes are popular in areas with housing shortages and help support vulnerable tenants while protecting landlords.
What are the advantages of guaranteed rent?
Timely, fixed, and secure payments
The main advantage of the guaranteed rent scheme is just that – guaranteed rent. Instead of waiting on tenant payments, the third party ensures you receive a set amount on time each month, regardless of occupancy. This removes the hassle of chasing payments and ensures peace of mind.
No empty periods:
Void periods can be costly, especially when landlords must cover bills and council tax without rental income. Guaranteed rent schemes eliminate this issue, paying landlords even during vacancies. Through strategic marketing, your property is more likely to stay occupied.
No stress:
Managing property comes with its share of stress. From maintenance to emergency calls, landlords often find themselves stretched thin. A guaranteed rent scheme transfers these responsibilities to the managing company, saving you time and energy.
No more utility costs:
With Denhan’s guaranteed rent scheme, you won’t need to cover utility costs during vacant periods. We handle all property-related expenses, including council tax and tenant search, so you can enjoy hassle-free renting.
No legal hassles:
When you enter into our guaranteed rent contract, you won’t have to worry about navigating muddy waters or health and safety regulations. We will sort out everything for you, and make sure that your property is fully compliant and up to date. We will also sort out the legalities concerning rent arrears and evictions if required – we really do take everything off your hands!
We ensure your property remains compliant with current regulations. Should issues like rent arrears or evictions arise, we manage the legal side for you. Our aim is to take the burden off your shoulders completely.
Full Confidence:
Knowing you will receive consistent rental income through a rent guarantee scheme UK gives you confidence and control. Whether you are a first-time landlord or have a vast portfolio, the guaranteed rent UK model suits a range of needs.
The benefits of signing up to the guaranteed rent scheme cannot be overlooked. As a landlord, you get a reliable source of income with little expectation on yourself to manage the property or the tenant. You can sit back and enjoy peace of mind whilst you are safe in the knowledge you will be receiving a fixed monthly income – what is not to like?
How does the guaranteed rent scheme work?
Here at Denhan, you can expect the process of signing up to the scheme to include:
- Contact us to schedule a property viewing.
- We assess the market rental value of your property.
- You receive a competitive guaranteed rent offer.
- We sign contracts and handle all required certifications.
- Any light repairs or improvements are carried out.
That’s it! You receive steady income while we manage everything.
Why choose Denhan?
If you are looking for one of the best property management companies in London, then look no further! Here at Denhan, we want to make sure that you enjoy our flexible leasing options and receive the best possible rent to achieve a return on your portfolio – you are our main concern. In a crowded rental market, you need to be sure that you can trust your property management company, and we have the expertise, knowledge and skills to give you that peace of mind. You can enjoy a fixed monthly income, whilst we deal with all of the other stressful elements – perfect for those first-time landlords who are unsure, or those who already have an extensive portfolio and want someone they can trust to run them. Our aim is to give you the most from your investment, and keep all the stress at bay.
If you’re searching for reliable property management in London, Denhan delivers. We prioritize your return on investment through flexible leasing and exceptional support. With us, you get:
- A trustworthy partner
- Local expertise
- A hands-off investment experience
- A secure monthly income
Whether you are looking for guaranteed rent, property management, local expertise, or simply after some more information, then speak to our friendly team today.
Whether you’re exploring rent to rent schemes or seeking long-term property support, we’re here to help.
Frequently Asked Questions (FAQs)
What is a Guaranteed Rent Scheme?
A guaranteed rent scheme is a setup where landlords receive fixed rental payments regardless of tenant occupancy or arrears.
How Does Guaranteed Rent Work?
A third-party company leases your property and pays you a monthly rent, handling tenant issues, vacancies, and maintenance.
What is a Council Guaranteed Rent Scheme?
These are schemes where councils rent your property to house tenants and ensure rent is paid to you.
How Much Do Guaranteed Rent Schemes Cost?
Costs vary, but typically you may earn slightly below market rate in exchange for zero hassle and full income security.
What is a Rent to Rent Scheme?
This is a model where someone rents your property and then rents it out to others, profiting from the rent difference.
What is the Council Rent Guarantee Scheme?
A council program offering landlords assurance of rental income when housing council tenants.
How Does Guaranteed Rent Benefit Landlords?
It offers financial stability, stress-free management, and legal coverage for property owners.
Is Guaranteed Rent Available Across the UK?
Yes, guaranteed rent schemes are offered by councils and property managers throughout the UK.
What Should Landlords Know About Rent Guarantee Schemes?
Landlords should understand terms, property requirements, and that the scheme provides steady income and full management.