Extra Rent offers a Rent Guarantee Scheme: that provides landlords with the assurance of a fixed monthly rental income throughout the duration of their agreement.
This scheme is designed to alleviate the common concerns landlords face, such as late or non-payment of rent, fluctuations in rental prices, or periods of property vacancy.
With Extra Rent Guaranteed Rent scheme, landlords can enjoy financial security and peace of mind, knowing that they will receive a consistent and reliable source of income. This program operates across London and the South East, catering to the high demand for properties in these regions.
How does guaranteed rent work?
With Extra Rent, we offer you a guaranteed rental income by effectively becoming your partner. Once we agree on a rental amount, we ensure you receive a fixed monthly rent, regardless of whether the property is vacant or if the tenant stops paying us. We take on the responsibility of sub-letting the property, carefully vetting and selecting trustworthy tenants. In case of any issues like non-payment, unexpected vacancy, property damage, or the need for eviction, we shoulder the financial burden, relieving you of these potential risks.
How long is the guaranteed rental agreement for?
The minimum initial commitment we require is 12 months. However, we also offer the option to enter into a maximum 5-year contract with the added flexibility of renewing contracts on a rolling basis.
A rental agreement you can trust
Our partnership with you involves signing an agreement to manage your property for a specified period. In return, we guarantee you a steady monthly rental income, even though the amount might be slightly lower than the prevailing market value. Considering the inherent risks associated with being a landlord, including potential rent defaults and costs related to troublesome tenants or evictions, this arrangement ultimately saves you thousands of pounds in potential losses.
Extra Rent has established robust financial resources and systems, enabling us to offer such guarantees with a proven track record of successful outcomes. We maintain strict selectivity when it comes to the properties and tenants we engage with, whether from private sources or local authorities. Our priority is to safeguard both our interests and those of our clients
Rest assured; you'll experience numerous benefits with this scheme:
- Flexible Lease: Choose a lease duration between 1-5 years.
- Market Value Rent: Enjoy rental income at the property’s best market value.
- Guaranteed Monthly Payments: Receive your rent on the same day every month, without fail.
- Non-Void Periods: Receive rent even if the property is vacant, ensuring no loss of income.
- Eviction Handling: Leave eviction matters to us; we’ll take care of it if necessary.
- Repairs Covered: All Malicious damage costs are covered by our service.
- Transparent Pricing: No hidden costs, commission, or setup fees charged.
- Trustworthy Tenants: We carefully select and place reliable tenants for your peace of mind.
- Arrears Protection: Never worry about rent arrears; we’ve got it covered.
- Flexible Payment Dates: Choose the payment dates that suit your needs.
- Fixed Monthly Payments: Enjoy consistent monthly income for up to 5 years.
- Comprehensive Property Management: Take advantage of our fully-managed property service throughout the contract.
- No Additional Eviction Charges: No extra fees for eviction processes.
- Absolute Peace of Mind: You’ll be paid without any concerns, regardless of the situation.
By joining our Guaranteed Rent scheme, you will enjoy a comprehensive package of benefits, including:
- 0% commission for our full management service.
- Efficient handling and rectification of damages, if any.
- During the contract with Extra Rent, Property preparation for new tenants, including painting, cleaning, and necessary improvements.
- Minor repairs carried out at no extra cost.
- A dedicated house customer service team to assist with day-to-day issues.
- A worry-free and hassle-free experience, providing peace of mind.
- Join our Guaranteed Rent scheme and let us take care of your property investment with utmost professionalism and dedication.
Why do you need a rent guarantee scheme?
A rent guarantee scheme, such as Extra Rent Guaranteed Rent scheme, is beneficial for landlords for several reason
Reliable Income Stream: The scheme ensures that landlords receive a consistent rental income, even if the demand for properties drops or there are vacancies. This financial security provides peace of mind for landlords, knowing they will still receive their rent payments.
Easy and Quick Setup: The process of setting up the Guaranteed Rent scheme is straightforward and efficient, making it ideal for busy landlords who seek a hassle-free solution.
Risk-Free Solution: The scheme minimizes the risk for landlords as they no longer need to worry about late or non-payment of rent by tenants. Extra Rent covers the rent payments, providing a safety net for landlords.
Professional Property Management: Extra Rent offers professional property management services, ensuring that landlords can focus on other aspects of their business while their properties generate a steady income.
Attracting Tenants: The Guaranteed Rent scheme can be appealing to potential tenants as it provides them with the confidence that their rent will be paid on time, and they can enjoy a stable living situation.
How will Extra Rent help me in property management?
Extra Rent offers a comprehensive solution to property management through its Guaranteed Rent services. By guaranteeing rent payments from the first month, landlords can rest assured that they will receive their rental income promptly, regardless of the tenant’s situation.
The company’s expertise in real estate finance ensures a hassle-free experience for landlords, eliminating the need to chase after rent payments and reducing friction between landlords and tenants.
Extra Rent takes the responsibility of identifying and sourcing high-quality tenants, ensuring they have a good track record and are eligible to apply for the scheme. This approach increases the likelihood of tenants staying in the property for a longer duration, reducing potential vacancies.
The rent guarantee scheme, offered by Extra Rent, provides several benefits:
Financial Protection: The scheme offers landlords financial security, protecting them from potential loss of income due to late or missed rent payments by tenants, especially during circumstances like loss of employment or rent arrears.
Peace of Mind: With the Guaranteed Rent service in place, landlords can enjoy peace of mind, knowing that their rental property will continue to generate income consistently.
Delivery Guarantee: Extra Rent goes the extra mile by providing a delivery guarantee, offering additional peace of mind for landlords who opt for their rent guarantee services. In the event of any damages during transit, Extra Rent will fully reimburse the landlord.
The rent guarantee scheme, offered by Extra Rent, provides several benefits:
Financial Protection: The scheme offers landlords financial security, protecting them from potential loss of income due to late or missed rent payments by tenants, especially during circumstances like loss of employment or rent arrears.
Peace of Mind: With the Guaranteed Rent service in place, landlords can enjoy peace of mind, knowing that their rental property will continue to generate income consistently.
Delivery Guarantee: Extra Rent goes the extra mile by providing a delivery guarantee, offering additional peace of mind for landlords who opt for their rent guarantee services. In the event of any damages during transit, Extra Rent will fully reimburse the landlord.