The Major Advantages of Guaranteed Rent Scheme to Landlords
Most of the people prefer guaranteed rental schemes because of the first payment. One thing with the landlords that use this scheme is that they always get the first payment in their account within 24 hours after signing the rent contract with the property management service providers. With this in place, you will not have to wait until the tenants are found as they will become the first tenants and they will be the service providers for the whole duration of the contract.
Another benefit is fixed payments. One thing with rent schemes is that the property management guarantees the landlord a fixed monthly rent of any size or in any location. Like in the property management London scheme, the landlords are assured of monthly payments even if the tenants have not paid rental payments, the property is vacant, or it is let.
Most of the people also prefer these schemes since they charge no fees or commission. When dealing with this scheme, it will be beneficial due to the fact that the property or inventory managers will not be imposing any fee on the tenant on signing the rental agreement with them. 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. After signing the contract, it is their responsibility to set the prices of the houses the way they want. You find that their prices are always high as this helps in boosting the value of your property. Apart from that, they will not ask you to pay any fee for any damage or anything as the have EPC services in place to take care of everything that is in line with construction or maintenance of the property.
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. You should know that the certificate of inspection will be required as a proof.
Apart from that, you are not entitled to any bill. The guaranteed rent schemes are doing all they can to make sure that as a landlord you don’t pay anything regarding the property. They take the full responsibility of paying all the utility bills and council taxes through the services of inventory property managers.