The Major Advantages of Guaranteed Rent Scheme to Landlords
One of the major benefits is 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. Immediately they sign the contract they become the service providers for the period of the contract, and you will not have to wait for the tenants to be found as they will act as the first tenants.
Fixed payments is another advantage that pulls most of the landlords into these schemes. You find that when you are dealing with these schemes the property management service providers will guarantee you a fixed payment of any amount 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. Apart from that there are no hidden charges such gas safety of which they can be charged for servicing their gases. You find that a gas safety certificate is supposed to be issued if the engineer installs any gas appliance or upon servicing.
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. You find that their prices are always high as this helps in boosting the value of your property. As a landlord you will not pay for the fee towards maintenance as they have arranged for EPC service in place to take care of that.
Apart from that, they also conduct regular inspections. Regular inspection is a requirement by the local authority and should be done. Being that they have taken over the landlord services it will be their responsibility to ensure that the property is safe through EPC services and the inputs of the gas engineers. This is a requirement and an inspection certificate will be required by the local authority to make sure that everything is in the right place.
Another thing is that you are not entitled to any bill. It is their responsibility 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.