Guaranteed Rent for Landlords
A fixed monthly income whether the property is occupied or not, with the tenants, the repairs and the void periods handled entirely by us.
Some landlords want the best possible return and are happy to ride the ups and downs to get it. Others would rather know exactly what lands in their account on the same day every month and never take another call about a boiler. If you are in the second group, a guaranteed rent agreement — sometimes called rent to rent — is worth understanding.
The arrangement is straightforward. We take the property on for an agreed term and pay you a fixed monthly rent for the whole of it. If the property is empty, you are still paid. If the tenant stops paying, you are still paid. We find the tenants, deal with them directly, and cover the day-to-day maintenance during the agreement.
The honest trade-off: the guaranteed figure sits below what the property would achieve on the open market. That difference is what buys the certainty, and we would rather say so on this page than at the end of a meeting. For a landlord who has had two voids and an arrears case in three years it often works out ahead. For a landlord with a long-standing reliable tenant it usually does not, and we will tell you that.
We do this across Colne, Nelson, Burnley, Padiham, Brierfield, Barnoldswick, Barrowford and Clitheroe.
What you get
Before you agree to anything
- Check your mortgage. Most buy-to-let lenders require consent for this type of agreement and some will not permit it at all. Ask your lender before you sign, not after.
- Check your insurance. Your landlord policy needs to know the property is let on this basis. An undisclosed arrangement can invalidate a claim.
- Check the lease, if it is a flat. Some leases restrict subletting.
- Get the handback condition in writing — with an inventory and photographs taken at the start.
- Understand what is not covered. Day-to-day repairs sit with us. Structural work, the roof, and replacing rather than repairing major items remain the owner’s responsibility, and that should be spelled out.
- Ask what happens if the company defaults. A guarantee is only as good as the business behind it. We have traded here for twenty-five years, we hold Client Money Protection and we are a member of The Property Ombudsman. Ask anyone offering this the same question.
- Be wary of any company offering this arrangement that does not raise these points with you first.
How it works
1. We view and value
We look at the property, tell you what it would achieve on the open market, and what we can guarantee against that. Both figures, so you can see the gap.
2. You check with your lender and insurer
We will wait. This is the step most companies rush and it is the one that causes problems later.
3. We agree the term and the condition
Written agreement, inventory, schedule of condition and photographs. The handback standard is set at the start rather than argued about at the end.
4. We take it on and you get paid
Fixed rent, same date, for the length of the agreement. Nothing further required from you.
5. At the end, you decide
Renew, take the property back in the agreed condition, or move onto standard full management at 10% of the rent. No penalty for choosing any of the three.
Find out what we could guarantee on your property
Frequently asked questions
What is rent to rent, exactly?
You grant us the right to let the property for an agreed term, and in return we pay you a fixed monthly rent for the whole term regardless of whether it is occupied. We find and manage the tenants and cover the day-to-day maintenance. You remain the owner throughout and the property comes back to you at the end.