GUARANTEED RENT SCHEME
How Does It Work in Practice
Let's suppose your property produces a monthly rental income of £2,000. With guaranteed rent, we might propose a steady monthly income of £1,800, even if the property is unoccupied or the tenant isn't paying rent on time. This ensures that you receive a predetermined amount of income each month, without the concerns and dangers inherent in conventional renting. Landlords seeking a consistent rental income and peace of mind can benefit greatly from guaranteed rent. Our services ensure that your investment property is expertly managed with maximum efficiency and profitability. Experience the benefits of regular and reliable rental income by partnering with us.​
Our Criteria
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Location of the property: This is critical for us as we want to ensure that the property is in a desirable location for potential renters. The area should have good access to transportation, shopping, dining, and other amenities.
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Property condition: We need to confirm that the property is in good condition with no major repairs or upgrades needed in the short term. We want to avoid any unexpected expenses that could affect the rental income.
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Rent rate: This is a key consideration for us. We want to ensure that the rent charged to tenants is competitive and based on the local market rates. We also evaluate the potential for rent increases in the future and determine the property's capacity to generate enough rental income to provide a profit for both parties.
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. Suitability for guaranteed rent: We have certain criteria for properties that qualify for guaranteed rent. The property should be suitable for long-term rental, as we will be responsible for the property for an extended period of time.
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Landlord expectations: We need to have a clear understanding of the landlord's expectations, including the terms of the rental contract and any specific requirements or restrictions related to the property. This will help ensure a smooth and successful relationship between the landlord, us, and the tenants.
These criteria will help us determine whether the property is a good fit for guaranteed rent. It will ensure that both parties are satisfied with the arrangement and that the property generates consistent rental income over time.
Reasons Why You Should Consider Us
Long-term stability
Plan for the future and a steady stream of income for the long term.
Market Knowledge
An in-depth knowledge of the rental market, allowing us to set competitive rental prices, reduce vacancy periods, and maximize rental income.
No hidden costs
You do not have to worry about unexpected expenses or fees that may arise.
Peace of mind
know that your properties are being managed professionally and efficiently.
4 Simple Steps to Guaranteed Rent
Initiating
Get in touch with us! Our friendly and knowledgeable team will be more than happy to assist you with any queries you may have.
Leasing
Review and Approve the guaranteed rent lease agreement
Finalising
Sign the lease agreement to ensure that all the terms and conditions have been agreed upon by both parties.
Payment
Receive assured guaranteed rent payments
Frequently Asked Questions
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What is guaranteed rent?Guaranteed Rent offered by Carpe Diem Rooms is a hassle-free way for property owners to ensure a steady income from their residential properties. Under Guaranteed Rent, we, as a property management company, guarantee to pay the property owner a fixed rental income every month, regardless of whether the property is occupied or not.
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How does guaranteed rent work?Guaranteed Rent is where you sign an agreement with us to guarantee a fixed rental income for a specified period. Carpe diem rooms take care of all the responsibilities, including finding suitable tenants, managing the property, and ensuring the rent is paid on time, regardless of whether the property is occupied or vacant
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What are the benefits of guaranteed rent for me?The main benefit of guaranteed rent to is the financial security it offers to you, as it guaranteed a fixed rental income for an agreed period. This can help protect against void periods, arrears and provide a stable income stream. Additionally, guaranteed rent rent can save you time and effort as we handle tenant management and property maintenance.
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How is the guaranteed rent amount determined?The rent amount is determined based on the market value of your property, its location, condition, and current rental demand. Carpe diem rooms will provide a competitive and fair assessment to ensure you get the best possible rate.
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What types of properties are eligible for the guaranteed rent scheme?Most residential properties, including houses, apartments, and multi-family units, are eligible. Specific eligibility criteria may apply based on the property's condition and location..
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What happens if the property is vacant?You will still receive your guaranteed monthly rent payment, even if the property is vacant. We take on the responsibility of finding and managing tenants.
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Who handles property maintenance and repairs?Carpe Diem Rooms handles all routine maintenance and emergency repairs. We ensure the property remains in good condition, saving you time and effort.
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How long is the typical agreement for a guaranteed rent scheme?Agreement terms vary but typically range from one to five years. We offer flexible terms to meet your specific needs.
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What happens at the end of the guaranteed rent agreement?At the end of the agreement, you can choose to renew the contract, switch to a standard property management service, or take back full control of your property.
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Are there any upfront fees or hidden costs?No, there are no hidden fees. All costs and fees are transparently communicated upfront. Our income comes from the rent paid by tenants, not additional charges to landlords.
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How do you handle tenant selection and vetting?We conduct thorough background checks, including credit, employment, and reference checks, to ensure we place reliable and responsible tenants in your property.
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What if a tenant damages the property?We cover the cost of repairs for any damages caused by tenants. Regular inspections and prompt maintenance help minimize the risk of significant damage.
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Still Have Questions?If you didn't find the answer you were looking for, we're here to help. Feel free to get in touch with our team and to learn more about our services
