Guaranteed Rent Scheme

You send us the property details and we carry out an initial eligibility assessment.

The property is inspected and the guaranteed amount calculated against local comparables.

The guaranteed amount, the term and the exclusions are put into the agreement in writing.

Payments begin on the schedule set in the agreement and continue on that schedule.

There is no single rate. The amount is set after we look at the property’s location, size and condition alongside current local rental comparables. Because we carry the vacancy and collection risk, the figure sits somewhat below the gross rent you would achieve letting the property yourself. The amount offered to you is stated plainly in the written proposal, and you are under no obligation until you accept it.

The term is set according to the property and what both sides prefer, and it is stated plainly in the agreement. Renewal conditions are set out in the same document, so you are not committed to a term that rolls over automatically.

The exclusions are listed one by one in a separate clause of the agreement and are read through with you before signing. The general shape of them: circumstances in which the property cannot be let (refurbishment or use by the owner, structural damage, permit or occupancy problems) and force majeure. Payment is not withheld for any reason that is not written into the agreement.

Termination conditions and each side’s rights are set out in the agreement. What happens on early termination is written into the document you sign; nothing here rests on a verbal understanding.

The payment schedule is set in the agreement and runs regardless of whether the tenant has paid — the collection risk is ours. The property’s condition and the work carried out are reported to you separately on a regular basis.