What is rent guarantee service?
From this point until today, the law was and is a federal program to guarantee a landlord at least the majority of the rent owed by a tenant. As a rule, a landlord must pay for this rental guarantee. If the company is unable to rent out the property at a high enough monthly rent or the property remains unoccupied for a long time, there is a real risk that it will not be able to meet your guaranteed monthly rent payments. The owners just sit back and get the money, which makes it much easier to profit from remote properties.
What is a guaranteed rental fee?
This leads to an increase in interest in guaranteed rental systems and their purported advantages. The providers claim to offer guaranteed rental income on a regular basis and eliminate the risk for landlords due to gaps, payment arrears and evictions. For example, Milton Keynes City Council offered a guaranteed monthly income of 10% above the local housing allowance rate and granted £722 per month to a two-bed landlord. If the rent is guaranteed, the landlord receives the agreed rental income each month on a set date. Guaranteed rental plans are great initiatives that aim to free up affordable housing in the council community.