Guaranteed rent is a brilliant alternative to traditional letting. Your rent is guaranteed every month, even if there are no tenants in the property. It offers complete peace of mind for landlords.
With a guaranteed rent contract, the estate, such as ourselves, essentially takes on the role of your tenant. We then sublet the property to the tenant. Then, we pay you the rent every month, even if the tenant misses their payment.
Guaranteed rent in Stratford City can be a great tool for your property portfolio, safeguarding against missed payments and empty periods.
The Advantages and Disadvantages of Guaranteed Rent
At LTA Direct we value transparency, we want to present the positives and the negatives, so you can be sure whether guaranteed rent in Stratford City is right for you.
The pros of guaranteed rent:
1. The main one: guaranteed rental income every month
2. There are no management charges or extra costs, the amount you agree with the provider is what is transferred to you every month
3. There are flexible contract options, usually from 1-5 years
The cons of guaranteed rent:
1. You won’t be involved in choosing tenants or checking in on the property
2. You might not receive the same monthly income as you would if you rented out the property yourself, privately
Find Out More About Guaranteed Rent in Stratford City
If you’re considering letting your property out via a guaranteed rent contract, we can help you. The best next step is to fill out our rent calculator, to get an idea of what your property is worth, and then contact us to arrange a chat.