Being a landlord can be financially rewarding, but it also comes with its share of stress. One of the main challenges landlords encounter is dealing with void periods and missed payments. Fortunately, guaranteed rent offers a solution to these issues.
With guaranteed rent, landlords can enjoy complete peace of mind knowing their rental income is secure, even when the property is vacant. Under a guaranteed rent agreement, the estate agent—us—takes on the role of the tenant. We then sublet the property to other occupants, but since we assume the financial responsibility, you’ll receive the rent every month, even if the property is empty.
5 Things You Should Know About Guaranteed Rent in Canary Wharf
1. Landlords are protected from void periods since their rental income is guaranteed each month, even if the property is vacant.
2. The estate agent takes full responsibility for the property, handling everything from tenant management to general maintenance.
3. This significantly reduces the hassle for landlords, as the agent manages all aspects of the property.
4. With some companies, there may be a trade-off between the rental amount and the guarantee, as they offer lower rental income to cover the risk of vacant periods. However, at LTA Direct, we offer top-of-market rates.
5. While some landlords like to be involved in choosing tenants, this isn’t possible with a rent guarantee contract.
Chat With Us About Guaranteed Rent
Getting a free, no-obligation rental valuation for your property is a great place to start. Use our online calculator to see what your property could achieve. Then, if you’re happy with the numbers, we can get the ball rolling on your guaranteed rent contract.
We are leading providers of guaranteed rent across London. We offer tailor-made packages that are designed to meet the unique needs of every landlord. Find out more about why landlords choose us for guaranteed rent in Canary Wharf.