Is guaranteed rent worth it?
These tenants can be at high risk, so it is. The program matches people who need homes with landlords who have properties to rent out. We will provide you with a brochure about the rental guarantee system and proof that you have been accepted that you can present to potential landlords and brokers. As part of a rental letting system, landlords rent their property to an individual, a company, or a landlord who becomes a “tenant” for a certain period of time in exchange for a guaranteed monthly income.
We also guarantee that you’ll pay up to six weeks of rent as a rental deposit to cover costs if your property is damaged by your tenants.
What is a guaranteed rent?
The middle tenant is also responsible for reclaiming payment arrears and regaining the free ownership of his subtenant. Money is made on the difference between the rent they pay the landlord and the rent they receive from the lodger. Such contracts can be good if the parties trust each other and the figures can be easily agreed upon. By purchasing the weeks during the term, the manager has increased control over the management of the property.
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.