Whether you own a single property in Isle of Dogs or a whole portfolio across the capital, guaranteed rent can be a great way to safeguard your investment.
When you sign a guaranteed rent contract the provider, that’s us, effectively becomes your tenant. We then sublet your property to the next tenants, but we stay liable for the rent. This means the rent is paid to you every month, regardless of whether the property is empty or the tenants miss their payment.
The Advantages and Disadvantages of Guaranteed Rent
At LTA Direct we value transparency, we want to present the positives and the negatives, so you can be sure whether guaranteed rent in Isle of Dogs is right for you.
The pros of guaranteed rent:
1. The most attractive pro is the guaranteed rental income every month
2. You don’t have to handle the hassle of tenant management, the provider will cover this
3. There are no hidden deductions or charges, the management fee is factored into the amount you agree with the provider
The cons of guaranteed rent:
1. Contracts last from 1-5 years and once you have signed a contract, it can be difficult to get out
2. You need to pick the provider carefully, to ensure you work with an agency that will look after your property
Find Out More About Guaranteed Rent in Isle of Dogs
If you are just curious about what your property could achieve via guaranteed rent, use our rent calculator for a free quote. Otherwise, schedule a call or visit with our team to discuss the finer details.