Guaranteed Rent

Guaranteed Rent Scheme

We can provide a guaranteed rental income for your property

Homes & Steeple will GUARANTEE the rent on your property regardless of whether a tenant pays or not, we will pay the agreed guaranteed rent to you, on time.

As the landlord, you will not need to take any additional cover to protect yourself for rent arrears as this is all covered by Homes & Steeple, therefore saving you time, money and giving you peace of mind.

Our fee-free competitive monthly rental income is paid in advance with no void periods for twelve or twenty-four months. Even if your property is empty or the tenants haven’t paid the rent.

Unlike some insurance backed policies touted by other agents, we will pay the money ourselves, no quibbling, or delays.

There are none of the setup fees normally associated with renting out a property, like inventories, referencing or deposit registration, just a guaranteed payment made in the first few days of each month.

Should there be any legal proceedings such as tenant disputes and tenant’s evictions, Homes & Steeple will meet all legal expenses and all court costs.

The benefits of our Guaranteed Rent Scheme: -

  • No loss of rental income. Just guaranteed fixed monthly rent for twelve to twenty-four months.
  • No costly void periods – your rent is paid even when your property is unoccupied.
  • No set up fees..
  • No hidden costs.
  • A full maintenance and repair service.
  • No risk of tenant rent arrears.
  • Prompt electronic monthly payment of your rent.
  • Your property returned in its original condition (*subject to fair wear and tear).

How does it work?

We will visit your property and assess it for how much we think it will rent for in the current market. If our offer is acceptable then we start to look for suitable tenants or match the property with applicants, we have already registered.

We often get asked what is the catch?

The answer is there is not one – The price we quote is normally the gross rent figure, we think the property will rent for minus 15%. So, if your property is going to rent for a £950 pcm, we pay £800pcm..

Here is an example of our guaranteed rent scheme

            Details

 Standard Management

   Guaranteed Rent

    Rent per calendar month

  £950

  £800

    Set Up

  £11400

  £9600

                                                         Costs

 

 

Typical Voids over 12 months (e.g.loss of three weeks rent during vacant periods)

  £657

  £0

    Management commission (10 % + VAT)

 £1289

 £0

   Inventory

 £100

 £0

   Set Up Fee

 £328

 £0

Total Costs       

 £2374

 £0

  Net Income

 

 

 Net Annual Income

 £9026

 £9600

 Net Monthly income (Over 12 months)

 £752.20

 £800

Call us today for more details and to Guarantee your Bournemouth rent.

01202 553 898 or email lettings@homesandsteeple.co.uk






 

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