Fixed income, no voids
Predictable Rent. Less Hassle. More Confidence.
Under a guaranteed-rent arrangement, Everswick Properties may lease a suitable property from the landlord under a separate agreement and pay an agreed rent for the agreed term, subject to property checks, permissions, mortgage and insurance requirements and the terms of the contract.
The rent offered will depend on the property, location, condition, demand, operating costs and the terms of the agreement.
What is included
What the agreement includes
- Rent paid by standing order on the day of the month you choose
- An agreed term, reviewed and subject to change with proper notice
- No management, letting or renewal fees
- Routine maintenance and minor repairs paid for by us
- Quarterly inspections with a written report
- Safety certificates arranged and renewed on time
- Property returned as we received it, fair wear and tear excepted
- A break clause from the end of year two
Step by step
How a guaranteed rent agreement starts
Appraisal and offer
We inspect the property and make a written rent offer within two working days.
Consents
Your mortgage lender and insurer must agree to a company let. We supply the paperwork they ask for.
Handover
We take meter readings, a photographic inventory and the keys.
Monthly rent
Payments start within 14 days of handover and continue to the end of the term.
Cost
What it costs
The rent we offer and the terms of the agreement are set out in a written proposal once we have assessed the property. Our income is the difference between the rent we pay you and the rent we receive. Structural repairs, buildings insurance and major items such as a replacement boiler remain the owner’s responsibility.
An agreed rent for an agreed term, set out in writing before you sign.
Questions
Guaranteed Rent questions
Is the rent really guaranteed?
It is a contractual obligation of Everswick Properties Ltd under the agreement you sign. It is not an insurance policy. We will share our accounts and landlord references so you can judge our ability to pay.
Who lives in the property?
Working tenants, families, or contractors and corporate guests on short stays, depending on the property and on what your mortgage and lease allow. We tell you which before you sign.
Do I need my lender’s permission?
Yes. Most buy-to-let lenders will consent to a company let, but some will not. Leasehold flats may also need the freeholder’s consent. We do not start an agreement without these in place.
How long does the agreement run?
The term is agreed with you and written into the agreement. It is subject to review and may change, with proper notice given in writing.
What if I want to sell?
You can sell to another investor with the agreement in place, or use the break clause, which is available from the end of year two on three months’ notice.
Get your free property appraisal
Tell us about the property and we will arrange an appraisal. Our target is an initial assessment within two working days.
Telephone07534467867
Emailhello@everswickproperties.co.uk
OfficeEverswick Properties, 8 Market Court, Market Street, Launceston PL15 8XA
HoursMonday to Friday, 9am to 5.30pm. Saturday, 10am to 2pm.
Tenant emergenciesCall the office number at any time and choose option 2.