The Major Advantages of Guaranteed Rent Scheme to Landlords
One of the major benefits is first payment. This is more beneficial due to the fact that the landlords that are in the guaranteed rental scheme always gets the first payment into their accounts after signing the contract with the property managers. You will not have to wait until the tenant is found and he will effectively become the service provider for the whole duration of the rent contract.
Another benefit is fixed payments. One thing with rent schemes is that the property management guarantees the landlord a fixed monthly rent of any size or in any location. Like in the property management London scheme, the landlords are assured of monthly payments even if the tenants have not paid rental payments, the property is vacant, or it is let.
Another thing is that there is no fees or commission. When dealing with this scheme, it will be beneficial due to the fact that the property or inventory managers will not be imposing any fee on the tenant on signing the rental agreement with them. Not only that, but there is also no hidden charges or costs like the cost of servicing your gas or the gas line. You find that a gas safety certificate is supposed to be issued if the engineer installs any gas appliance or upon servicing.
Another benefit that landlords get from these schemes is higher rents. You will not be involved in this as it will be their full responsibility to know how they will charge the houses. You find that their prices are always high as this helps in boosting the value of your property. Apart from that, they will not ask you to pay any fee for any damage or anything as the have EPC services in place to take care of everything that is in line with construction or maintenance of the property.
We also have regular inspections. This is a necessity and should be done regularly. The Guaranteed Rent scheme will take all the services of the landlord and ensure that the property is inspected. This is a requirement and an inspection certificate will be required by the local authority to make sure that everything is in the right place.
You are also not entitled to any bill. What they always do is to make sure that you don’t pay anything. They take the full responsibility of paying all the utility bills and council taxes through the services of inventory property managers.