What is rent guarantee scheme?
Wrexham County Borough Council operates the rental deposit bond program to help procure private homes. Furthermore, there is no catch and no fees. Wrexham Rooms offers rental and management services to property owners in and around Wrexham. Rating 4, 5 (8 guaranteed rent.
If you want to rent out your property, get in touch with us to find out how much you can expect to earn. Barnardo’s Compass Partnership offers the Compass Bond Guarantee Scheme to Wrexham residents who need assistance to meet the deposit requirement of a new lease.
Are
rental guarantees worth it?
For an example of a guaranteed rental system from the local authority, see the details of the Lewisham program here. 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. Some landlords may choose not to spend extra money on rental guarantee insurance because they feel confident that the screens and credit checks they ran on tenants before renting out their property to them and handing them the keys prove that they were financially in the are able to make monthly rent payments. The tenants who inhabit the property have no direct relationship with the landlord, and everything is done by the middle tenant.
