What is guaranteed rent scheme?
We advise you every step of the way and oversee the process from application to approval and management to ensure that licensing terms are not violated. In an increasingly competitive rental market, it’s important to know who you can rely on to maximize your return on property rentals. City Borough Housing offers a leading guaranteed rental system in London. City Borough Housing offers a leading guaranteed rental system in London.
Some landlords enjoy finding the right tenant and even chasing the money if necessary. For those who don’t have the time or are done with the stress, a guaranteed rent is an easy solution to ensure you get your income with the least effort.
rental guarantees worth it?
The person or organization that rents the property from the landlord then rents the property out to tenants and manages the property and tenancy. Things can go wrong in these institutions if the middleman does not have the financial resources or the inclination to secure the guarantee. In such cases, the owner would be paid even if the property is empty or the tenant does not pay rent. The intermediary essentially assumes full control of the asset for the agreed period in exchange for a monthly payment guarantee.
In any case, not all lenders will have a poor view of rental guarantee schemes and may be inclined to judge individual circumstances.