What is Guaranteed Rent?
Where an individual or company takes an interest in a property for a period of time from a landlord and guarantees to pay a fixed rent to the landlord. The landlord gives consent to the ‘3rd Party’, to sublet the property to other tenants.
My Home is the North London`s Leading provider of Guaranteed Rent. We have been offering Guaranteed Rent to our landlords for more than 12 Years.
We are a trusted and well- established residential letting and management Agency that has been successfully acquiring and managing private rented accommodation since 2007. We are a member of The Property Ombudsman Services, Propertymark adhere to strictly rules and latest property regulations compliances.
We are also a long established, approved supplier that has been working in contractual partnership with corporate companies across London for Several Years.
What is the benefit of Guaranteed Rent?
The benefits of the Guaranteed Rent Scheme 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 Company would also take care of the property and its contents 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.
We do not charge any letting , management or renewal fees. We comply with all numerous laws and compliance issues that, also saving the landlords time and money. We offer this scheme from 2 to 5 years ,which provides more security for the landlord, and their income is fixed for longer period.
We offer below benefits to our landlords:
- Lease your property for 2-5 years.• (no renewals or re let fees).
- Void management fee /Administration fees. Professional management service
- HMO License application
- Market value rent on your property
- Free property development advise
- Guaranteed Rental payments on your chosen day of the month. No late rents - regular monthly payment by standing order.
- Paid even if the property is empty, NO Void period.
- We take care of any evictions and other formalities
- No commission- No set up fee -No hidden costs.
- All our tenants are professionals and fully vetted through the referencing companies also via our expert paralegal in house team
- *Free Gas Certificate (Lease signed over 3 years)
- Free minor repair as part of the contract.
We believe that everybody should do their research before deciding what is best for them, and therefore our experienced directors are always there to help you make this decision. All you have to do is give us a call and we will give an objective advice on guaranteed rent and more traditional ways of letting your property.
Your True Saving!
| Services | Traditional Letting Agent | Guaranteed Rent |
|---|---|---|
| Monthly Rent | £1,200 | £1,000 |
| Typical Void Period (1 month) | -£1,200 per year | £0 |
| Management Charge (12%) | -£1728 per year | £0 |
| Inventory- Deposit protection | -£200 | £0 |
| Maintenance | -£750 | £0 |
| Gas Safety - EPC | -£200 | £0 |
| Net Annual Rental | £10,322 | £12,000 |
| Net Monthly Rent | £860.16 | £1,000 |
| Court Costs | Risk | None |
| Rent Arrears | Risk | None |