Guaranteed Rent- THE HASSLE & WORRY FREE SERVICE FOR LANDLORDS!
Lords Lettings offers a guaranteed rent scheme, providing a full property management service to landlords ranging from single properties to entire portfolios, and are able to offer the following:
When we take on a property we provide a full management service, we deal directly with the tenants so you donąt have to, and we donąt charge anything for the service.
Signing a lease for a fixed period gives you added security, meaning you can relax in the knowledge we will be managing your property and paying you rent for 1,3 or 5 years whether the property is occupied or not.
If you give us a property to rent under the Guaranteed Rent Scheme you can have the peace of mind that you will receive your rent from us for the entire period of the lease. You will not have to worry about tenants falling into arrears with their rent, or for periods where the property is unoccupied, we pay you regardless of the situation.
On completion of the lease period if you decide you want your property returned we take responsibility to re-house the tenants and guarantee the return the property with vacant possession.(Terms and conditions apply)
Let Only 8% (ex VAT)
Rent Collection 9% (ex VAT)
In addition to the above:
In addition to the above:
For your peace of mind we will conduct a fully comprehensive referencing for the prospective tenants using LETSURE OR HOMELET.
The tenant will be responsible for the payment of gas, electricity, water, telephone, council tax and television licence. (Unless otherwise agreed and stated)
As the landlord you are still responsible for the payment of service charges and ground rent in leasehold properties and buildings insurance on Freehold properties.
As a landlord you are required to pay tax on any net income and you must liaise with the Inland Revenue to do this. Some expenses are tax deductible such as agency fees, accountants and legal fees, ground rent, service charge, insurance loan interest, repairs and renovation, wear and tear on furnishing.
Most tenancies are classed as Assured Shorthold Tenancies. Under the Housing Act 1998 (as amended 1996) landlords have more rights to possession than with tenancies commencing prior to the Acts and procedures for possession are now quicker and simpler (provided the process is carried out correctly).
There is no minimum period for an Assured Shorthold tenancy; however we recommend that the tenancy is for not less than six months.
Most tenancies are drawn up for a period of twelve months, some have break clauses. A break clause allows either party to terminate the agreement with two months notice after an initial period of six months the notice may be served. We will be happy to discuss the pros and cons of different time periods with you.