What are the benefits of guaranteed rent?
Thousands of happy landlords opt for guaranteed rent, as opposed to traditional rental schemes, to look after their properties. Guaranteed rent offers a wide range of benefits, but here are some of our favourites…
1.Your rental income is guaranteed
As the name suggests, guaranteed rent means your rental income is guaranteed each month, no matter if the property is occupied or empty. When you as a landlord opt for guaranteed rent, the estate agent who signs the agreement becomes responsible for the rent payments each month, even if there are no tenants in the property. This offers landlords peace of mind each month, it gives them the certainty that they can manage their finances each month.
2.We’ll pick the right tenants for you
At Elliot Leigh, we have been in the guaranteed rent industry for a number of years, our expertise and judgement will ensure your tenants are the perfect pick for your property. You don’t have to worry about referencing, interviews, and tenant assessments, we will take care of every step.
3.Your property will be looked after
We will hold regular property inspections and maintenance, to ensure your property is maintained to the highest standard throughout the entirety of the guaranteed rent agreement. Furthermore, as part of the guaranteed rent agreement, your property will be returned in the same condition it was taken on in. If there is any damage or wear and tear to your property, the estate agent managing it becomes responsible for this.
4.No empty periods
There are no empty periods with guaranteed rent. If one tenant has moved out, and a new one is yet to move in, the estate agent will still pay you on a regular basis. This is one of the biggest benefits of guaranteed rent.
The benefits of guaranteed rent cannot be overrated. As a landlord, it gives you a reliable source of income, with little to no expectation on you to manage the property or tenant. We give financial peace of mind to landlords across London. If you would like to learn more, just get in touch.