The Major Advantages of Guaranteed Rent Scheme to Landlords
One of the major benefits is first payment. One thing with the landlords that use this scheme is that they always get the first payment in their account within 24 hours after signing the rent contract with the property management service providers. With this in place, you will not have to wait until the tenants are found as they will become the first tenants and they will be the service providers for the whole duration of the contract.
Most of the landlords also prefer these schemes because of the fixed payment. One thing with rent schemes is that the property management guarantees the landlord a fixed monthly rent of any size or in any location. For example, we have the London property management guaranteed rent schemes where the landlords are assured of monthly payments even if the tenants have not paid the rent, the property is vacant, or the property is let.
Most of the people also prefer these schemes since they charge 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. One thing that you need to know is that a gas safety certificate is supposed to be issued when an expert installs the gas system or upon servicing it.
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. One thing is that they always fetch higher prices for your houses which will help in boosting the value of your property. You find that there are also other services that are aiming at making the property look better like the EPC services which will be aiming at repairing, renovating and making the property new.
Another thing is regular inspection. Regular inspection is a requirement by the local authority and should be done. Being that they have taken over the landlord services it will be their responsibility to ensure that the property is safe through EPC services and the inputs of the gas engineers. This is necessary since a certificate will be required as a proof.
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.