Why do landlords choose to use Guaranteed Rent rather than a traditional letting agent to rent out their property?

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The benefits of the arrangement to the landlord is that their rental income is guaranteed regardless of whether the tenants who live at the property pay the rent or if the property becomes empty. The ‘Renter’ would generally also take care of any damage to the property as it is their responsibility to return the property back to the landlord in the same condition as when they took it. This all gives the landlord a peace of mind.

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The landlord would not incur any letting, management or renewal fees. The ‘Renter’ would be expected to comply with all the numerous laws and compliance issues that an agent would generally deal with, saving the landlord time and money. The landlord can also request a longer contract with the ‘Renter’, being anything from 1-5 years.  This provides more security for the landlord, so they can possible budget long term.*

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How it works ...

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As landlords ourselves, we understand the numerous challenges involved in renting a property and maintaining it. We will remove all of the headaches associated with renting your property by doing it all for you – finding and managing tenants, ensuring rent is paid (without any voids over the lease period) and making sure the property is kept in a good condition.

 

With our Guaranteed Rent scheme you will get a guaranteed rental income for as long as your property is under our management. Unlike various other guaranteed rent schemes, we additionally provide our property management services to you entirely free of charge. With our guaranteed rental scheme there are no commission charges, no admin fees and no management charges to pay. Once tenanted, we will visit your property quarterly, to make sure your property is as it should be.

 

*https://www.theprs.co.uk/news/how-does-guaranteed-rent-or-rent-to-rent-work