Guaranteed Rent is the ideal package for first time landlords and portfolio landlords that want to reduce the stress often associated with collecting rent from the tenant, need assistance with legal requirements, or just want to save time and money compared to high street agents.
Why choose our Guaranteed Rent package?
A recent government survey* claims around 9% of tenants in the private rented sector are in, or have experienced rent arrears in the last 12 months. Alarmingly, this increases to 25% within the social housing sector.
For private landlords like you, these stats suggest that there is a 1 in 10 chance (1 in 4 within the social sector) that your tenant will experience financial difficulties resulting in rent arrears.
Considering it can take up to 41 weeks to evict a tenant who is not paying rent, the risks are very real. You could find yourself financially out of pocket.
For landlords with mortgage payments, regular financial commitments and rely on their rental income, we have devised the perfect solution to mitigate this risk altogether.
Included in the Guaranteed Rent package is an insurance policy which protects your rent payments and any legal expenses that you may have to pay to get your property back.
Should we need to submit a claim for non-payment of rent, we'll take care of all the claim administration from the start to tenant eviction.
What's included in the Guaranteed Rent package?
Our Gold Guaranteed Rent package will find you tenants, check their references (see sample report) and provide you with an ongoing rent collection service and a rent guarantee insurance to ensure that you always receive the money you are owed.
The Guaranteed Rent package includes advertising on Rightmove, Zoopla & PrimeLocation and other sites to ensure that your property is seen by the widest possible range of potential tenants.
We will conduct reference checks to ensure that prospective tenants do not have a history of failing to repay debts. Then we will collect the rent each month or if this proves impossible, our guaranteed rent insurance will kick in and compensate you for what you are owed.
In summary, for £49 per month, you will get:
- Up to 24 weeks advertising on Rightmove, Zoopla & PrimeLocation
- Tenants fully referenced including landlord, employment & 6-year credit check
- Watertight tenancy agreement with digital signatures
- We'll secure the deposit and send out the prescribed information and certificate
- Full online agency support throughout the tenancy
- Monthly rent management with rent guarantee insurance included
- Legal & eviction expenses
How much is the Guaranteed Rent package?
The cost of this service is a £99 listing fee followed by £49 per month only once a tenant is found and is deducted from the rent collected. So we only get paid when you do.
You will be saving on letting fees and have the assurance that your rent is protected by our rent guarantee insurance and legal expense cover.
In fact, this package is so popular, landlords are moving over from the traditional high street letting agency service, getting their rent payments secured with our rent guarantee and saving thousands on an annual basis.
*Source English Housing Survey 2016/2017
All pricing includes VAT.