What is Guaranteed Rent?
Are you looking for Guaranteed Rent, on time, every month?
Guaranteed, also known as ‘rent to rent’, is a service that offers landlords a steady, risk-free rental income. It involves signing a contract with an agent, such as a property management company like 53 Degrees Property, who then sublets the residence. They may use it as a holiday let or rent it out to long-term occupants.
Guaranteed rent agreements are typically 3 to 5 years but last much longer if both parties are happy which is usually the case. During this time, you will receive fixed, regular payments regardless of how much income the property is generating or whether the property is empty or full.
Throughout the contract, the guaranteed rent company is responsible for all aspects of property management and maintenance. See the Frequently Asked Questions below to see what is included under maintenace.
No Missed Payments
Rent arrears are the biggest problem landlords face. We insure you against this risk by offering our rent guarantee which pays you even if our sub-tenant doesn't pay us!
No Cost Maintenance
We take care of all internal maintenance inside the property including most repairs and maintenance. You also save money on expensive agency fees!
Long-Term Security
Our Guaranteed Rent agreements typically last from three to five years with a break clause in case you feel like it isn't working out. You're protected with long-term security of payment.