Can i be a guarantor for renting?
You get your rent every month, regardless of whether a tenant is present or if the tenant is no longer paying, unless the property is uninhabitable. The guaranteed rental program is perfect for me as I need a predictable income and the management of my property allows me to focus on my life. The guaranteed rental program is perfect for me as I need a predictable income and the management of my property allows me to focus on my life. Furthermore, there is no catch and no fees.
Guaranteed rental arrangements have been around for years, particularly councils, but the above conditions push many to consider this as an option. The third party, effectively the landlord’s tenant, pays the landlord a fixed monthly income over a specified period of time and usually guarantees a percentage of the rental income that can be achieved.
What is a guaranteed rental fee?
By creating a market-derived price for property rental weeks, such marketplaces often make it quick and easy for property owners and property managers to reach an agreement and sign wholesale leases. 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. The broker usually becomes a tenant and agrees a rent with the landlord and then rents out a higher rent. 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.
