Guaranteed rent gives landlords complete peace of mind.
With a guaranteed rent contract, the estate, such as ourselves, essentially takes on the role of your tenant. We then sublet the property to the tenant. Because we are liable for the property, we are also liable for the rent. This means that even if the tenant misses a payment, or the property sits empty, the rent still comes to you.
Guaranteed rent in Ratcliff can be a great way to safeguard yourself against empty periods or missed rental payments.
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 Ratcliff is right for you.
The pros of guaranteed rent:
1. Guaranteed rental income, every month, straight into your bank account
2. There are no deductions. The amount you agree with the agent is the amount that is transferred to you
3. Agents offer flexible contracts, usually from 1-5 years
The cons of guaranteed rent:
1. You won’t have much choice over who lives in your property, it is up to the agent to arrange this
2. You need to research the provider carefully, to ensure you work with an agent that will look after your property
Find Out More About Guaranteed Rent in Ratcliff
For a free, no-obligation idea of what your property could achieve via guaranteed rent, use our rent calculator. Or, get in touch with a team to talk through your options in more detail.