Are rent guarantee schemes worth it?
rule, it is possible to enter into an agreement that sets a person’s rent for a certain period of time to limit the guaranteed amount. If you, as a tenant, are asked to pay for the damage but do not pay for it, the guarantor may be asked to pay it instead. If you move out, the landlord will refund the deposit to you unless you have damaged the property or left unpaid rent or bills. So if you’re considering renting property in Scotland, you’ll never have to worry about rent arrears again with Clyde, contact us today.
Our goal is to build strong, long-term relationships by providing you with guaranteed rental income and quality services so you know your properties are in safe hands.
What is a guaranteed rent?
One potential disadvantage is the increased risk of a guarantee — if the property is not rented out as well as it was predicted in the retail market, the manager is still required to pay the property owner the agreed amount. In a guaranteed rental system, the landlord has no direct relationship with the user and the middle tenant is liable for the payment of rent payments, regardless of whether the property is vacant or the tenant living there is behind. They then calculate the rent they want to receive and guarantee the landlord a fixed (lower) amount each month, regardless of whether the tenant pays or not. Finding the Right Tenants Among the long list of tasks to keep a property in prime condition and proving it permanently, a landlord must find suitable tenants.