How Guaranteed Rent Works
Guaranteed Rent makes letting simple and stress-free by providing landlords with a fixed monthly income, regardless of whether the property is occupied. We become your tenant, handling all tenancy risks and management, so you only you deal with us. Rent payments start from the first tenancy commencement date and continue reliably every month. While the rent may be slightly below market value, this service often results in higher overall income by eliminating void periods and set up costs.
Key Benefits Of Guaranteed Rent
Regular Inspections Included
The initial inspection will be carried out three months after the tenant moves in, with regular inspections every six months thereafter.
No Void Periods
Even if your property is empty, you still get paid. Guaranteed Rent means no loss of income during vacant periods.
Fixed Monthly Income
You will receive a fixed monthly payment, providing reliable and consistent income.
No Set Up Costs
With guaranteed rent, you don’t pay set up costs for each tenancy. Finding new tenants, referencing, deposit registration and drawing up tenancy agreements are all included.
Full Management
We handle everything for you from tenant sourcing and rent collection to property maintenance and compliance reminders.
Professional Inventory Included
We will provide a detailed inventory, ensuring your property is protected at no extra cost.
What Does It Cost?
Prices can vary depending on the property, but we’d be happy to provide you with a tailored quote. Get in touch with us today to find out how our Guaranteed Rent service could work for you and to book a free market appraisal.
Book a ValuationWhat Are Your Responsibilities?
Bills And
Utilities
During any void periods, landlords remain responsible for covering all bills and utilities associated with their property. However, for HMO properties, we provide the option to include full bill management as part of our comprehensive service. This means we can handle utilities on your behalf, ensuring continuous coverage and convenience. Full details of this option including costs and inclusions will be clearly outlined in your tailored quotation, giving you complete transparency and control.
Buildings
Insurance
As the landlord, it is your responsibility to ensure that the property is protected by appropriate buildings insurance. This safeguards your investment against potential risks such as fire, flooding, and structural damage. We strongly recommend reviewing your policy regularly to confirm it provides adequate coverage throughout the tenancy and reflects any changes or improvements made to the property. Having the right insurance in place gives you peace of mind, knowing your asset is fully protected should the unexpected occur.
Legal And
Compliance
You are responsible for ensuring that all required safety certificates are valid and kept up to date. We’ll notify you in advance of any upcoming expiry dates. While the costs remain your responsibility, we’re happy to arrange the necessary inspections and certifications on your behalf for added convenience. We also handle the serving of notices on your behalf to ensure everything is managed correctly and in line with legal requirements. Please note that any legal notices required may incur an additional cost, which would be your responsibility.
Repairs And
Maintenance
The upkeep of the building, including the cost of any necessary repairs such as structural issues and general maintenance is the responsibility of the landlord. If any issues arise, we’ll notify you promptly and can arrange for the work to be carried out by trusted contractors. Please note that all repair costs will remain your responsibility.
Contact Mack Property
01242 250 846 opt 1
lettings@mackgroup.com
Mack House
13 Bath Road
Cheltenham
GL53 7HG