Why do Most of the Landlords Prefer Guaranteed Rental Schemes
First payment is one of the things that landlords like about these schemes. This is more beneficial due to the fact that the landlords that are in the guaranteed rental scheme always gets the first payment into their accounts after signing the contract with the property managers. You will not have to wait until the tenant is found and he will effectively become the service provider for the whole duration of the rent contract.
Fixed payments is another advantage that pulls most of the landlords into these schemes. This is beneficial since once you engage the schemes you will be guaranteed a fixed rental amount of any size 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. You find that in these schemes the property managers or the inventory managers does not charge the tenants any fees for entering into the rental contract. 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. Having taken charge, it will be upon them to decide on how they would like to price the houses. By fetching higher prices for your property, they will be boosting the value of your property by some margin. 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. The Guaranteed Rent scheme will take all the services of the landlord and ensure that the property is inspected. This is necessary since a certificate will be required as a proof.
Apart from that, you are 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.
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