Guaranteed rent is a service offered to landlords by some property management companies, in which the company guarantees to pay the landlord a fixed rental income for a certain period of time, usually for the duration of a lease agreement, regardless of whether or not the property is occupied by tenants.
In other words, the landlord is assured of receiving a fixed income each month, even if the property is vacant or the tenants are unable to pay their rent. The property management company assumes the risk of any potential loss of income due to tenant defaults or vacancy periods, and takes responsibility for finding and managing tenants for the property.
The guaranteed rent service typically includes a range of property management tasks such as maintenance and repairs, property inspections, tenant vetting and referencing, and handling any tenant disputes or issues that may arise.
Guaranteed rent can provide landlords with greater financial security and peace of mind, as they can rely on a fixed income without having to worry about managing the property themselves or dealing with rental arrears or void periods.
We’d say…As your estate agent, you entrust us with the successful rental or sale of your asset, which includes complete coordination of the transaction, tenant finding & referencing criteria, contract/deposit handling, compliance & legislation officiating, marketing, advertising…
We could go on, but we won't; instead, we’ll offer you one better. Found Property LDN to be your tenant, that’s right, your Estate Agent as your tenant offering guaranteed rent over two to three years, no void periods, asset management, property maintenance…but most importantly NO FEE’s. Yes, that right…zero fees.
Sounds too good to be true? Contact one of the Found Team to find out exactly how our guaranteed rent scheme could work for you.
All contractual obligations are upheld by Found Property LDN even with no tenants. Which includes rental payments, council tax and utility bills covered.
Throughout the tailored length of term Found Property London offers complete Property Management and Maintenance which includes completion of minor repairs by our in-house maintenance team, financial reports and quarterly inspections.
Let us take the stress away of the legal in’s & out’s required when renting your property. We shall make sure the property meets all required standards which include but not limited to, an annual Gas safety certificate, EICR report, EPC certificate, HMO licence if applicable, Fire detection & alarm installation certificate. Co2 and smoke alarms.
Unlike the conventional Letting & Management fee, there is no commission with our Guaranteed Rent scheme.
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