Guaranteed Rent Explained
We recognize that letting a property can be an unpredictable and challenging undertaking. Numerous uncertainties can significantly impact your actual rental income, potentially resulting in a lower-than-expected return.
This can be particularly surprising for new landlords who anticipate accumulating 12 times the monthly rental amount by the end of the year. Unfortunately, this is seldom the reality. To address this issue, we have created our Guaranteed Rent scheme. On this page, we will outline the advantages of the scheme and provide an explanation of how it operates.
We assume the role of your tenant
Numerous landlords prefer professional tenants.
The advantageous aspect of our guaranteed rent service is that we become your professional tenants.
You will exclusively interact with us since the contract is established between us and you (the landlord).
A defined commencement date
Once the contract is signed, and we receive the keys for the property, we commit to initiating rent payments on or before a specific date, irrespective of whether we have secured a tenant or not.
What's the catch, you might ask? Well, the good news is that there isn't one!
Many individuals inquire about our revenue model, especially considering our absence of commission charges.
It’s simple:
You may assume that opting for such a service would result in receiving only a fraction of the rent you could obtain if you chose to manage the process independently. However, this misconception is far from accurate, especially when you engage the services of a reputable agent.
Given our expertise in the rental market, we are highly confident that the annual rental income you will actually receive is greater than what you would achieve by going solo or utilizing a traditional lettings service.
No Headaches No Drama
Vacant properties are a landlord’s worst nightmare. Without the support of a reliable letting agent offering a guaranteed rent service, not only will you face the loss of rental income, but you will also have the added burden of finding new tenants.
However, with guaranteed rent services, your letting agent will handle this process on your behalf, utilizing their in-house tenant referencing system.
Since the letting agent takes responsibility for rent collection from the tenant, you can be confident that only high-quality, creditworthy tenants will be placed in your property.
In addition to this peace of mind, you will also benefit from protection against potential legal costs, as well as the fulfillment of essential requirements such as gas and electrical maintenance, fire and safety regulations, and energy performance certificates, all of which must be addressed prior to the arrival of a new tenant. Damage costs are also covered, up to an amount equivalent to six weeks’ rent.
Guaranteed Rent
We assist landlords in Surrey & London in achieving a consistent and guaranteed rental income each month. Say goodbye to vacant periods and avoid unnecessary fees.
Seeking reliable letting agents in Surrey & London that offer Guaranteed Rent? <br<Look no further, as we have you completely covered!
Our Guaranteed Rent service presents the ideal solution for landlords seeking a seamless letting process and optimal returns on their property investments.
We offer:
•Comprehensive management of guaranteed rent
• Full property management services
• Elimination of vacant periods
• Flexible long-term contracts
By utilizing our services, you can have complete confidence in the security and reliability of your rental income.
If you desire a hassle-free approach to letting your property, our team is here to offer assistance. With extensive industry experience, we understand the importance of providing landlords with peace of mind throughout the rental process.
Contact us for further details regarding our guaranteed rent management service.
How does our Guaranteed Rent process operate?
Free property valuation
Feel free to get in touch with us to schedule a complimentary property valuation with no strings attached. We'll start with a conversation to determine if your property aligns with our requirements. If it does, we'll arrange a property viewing to proceed further.
Guaranteed rental offer and contract
After conducting a thorough inspection of the rental property, we will provide you with a rental offer. The offer will be determined based on factors such as the property's postcode and the number of bedrooms it has. Following the inspection, we will promptly prepare the contract and send it to you via email.
Documents you will need to proceed
To proceed with the rental process, we kindly request the following documentation for verification: a valid gas safety certificate, an energy performance certificate, an electrical installation certificate, proof of the landlord's license, (if required) proof of ownership, and the building's insurance policy. These documents are necessary to ensure compliance and provide a secure rental experience. We can help in obtaining these as well.
Signed Lease/Contract Documents Commencement of the Contract.
Once the lease is signed the contract will start on the named start date provided keys and certificates have been delivered. It is import the property is clean and empty before handing over the keys.