What is
Guaranteed Rent
Are you looking for Guaranteed Rent, reliably delivered on time every month?
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Guaranteed Rent, also known as 'rent to rent,' provides landlords with a stable and risk-free rental income. This arrangement involves signing a contract with an agent, such as a property management company like Heath Stays, which then sublets the property, either as a holiday let or to long-term tenants.
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Guaranteed rent agreements usually last 3 to 5 years but can be extended if both parties are satisfied a common outcome. During this time, you’ll receive fixed, regular payments, regardless of the property’s occupancy status or income generated.
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While the agreement is in effect, the guaranteed rent company handles all aspects of property management and maintenance.
Why Work With Heath Stays
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Guaranteed monthly rent with no voids
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Fully hands-off management
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Your property maintained to a high standard
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Long-term agreements for financial stability
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Professional cleaning and regular inspections
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Local expertise in the Warwickshire market
How Does
Guaranteed Rent Work?
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APPLICATION OR PROPERTY APPROVAL: Once you've completed the guaranteed rent inquiry form, we will review your property/application and conduct some background research to provide you with a quick estimate of our offer.
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AGREEMENT OR VIEWING: After viewing your property, we will provide you with a revised formal offer within 24 hours, which you are free to accept or reject.
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THE TENANCY STARTS: Once the terms of the guaranteed rent agreement have been confirmed with you as the landlord, we will take responsibility for the upkeep of the property and pay the first rental installment.
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ANNUAL REVIEW: Towards the end of the contract, we will let you know if we would like to seek to extend the contract. In most cases, we will look to complete an annual review where we show our intention to extend the contract.
FAQs
Frequently Asked Questions
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