Guaranteed Rent is a fixed monthly guaranteed rental income. In order to achieve this, the landlord rents the property to a company or an individual who specialises in this solution. With the landlord’s permission, a company then re-rents the house on a room-by-room basis.
GUARANTEED RENT – What is it?
In the meantime, the landlord receives guaranteed monthly rental income regardless of the circumstances, even in those situations where the house stays empty. The company looks after all sub-tenants, all maintenance, repairs, utility bills, and any other running costs. At the end of the agreement, the landlord receives his house in the same condition as it was when it was taken at the beginning.
This is a completely “hands-off”, “time-off”, and “cost-off” solution for landlords who are looking for certainty, simplicity, and peace of mind.