Guaranteed rent is a service where a property management company, such as Market My Property, guarantees a fixed rental income to landlords, typically on a monthly basis, regardless of whether the property is occupied or vacant. The management company assumes responsibility for managing the property, finding tenants, and ensuring regular rental payments. This arrangement provides landlords with a stable income stream and reduces the risks associated with void periods or unpaid rent.

Under a guaranteed rent scheme, the landlord signs a contract with the management company, such as Market My Property, agreeing to rent the property for a fixed period. The management company then takes over the property’s management. The landlord receives guaranteed rent each month, typically for a period of 3-5 years, with the option for renewals.

Landlords benefit from a reliable and consistent rental income, even when the property is vacant. Market My Property handles tenant sourcing, property management, and maintenance issues, saving the landlord time, money, and hassle.

No, guaranteed rent schemes are available for both residential and commercial properties. Market My Property manages a wide range of property types under this scheme.

Yes, guaranteed rent schemes can be applied to both residential and commercial properties.

The duration of guaranteed rent agreements with Market My Property typically ranges from 3-5 years. New landlords may be offered an 18-month trial tenancy as an introduction to the service.

There are no upfront fees when using Market My Property's guaranteed rent scheme. Landlords will experience a tenancy-like arrangement where the contract is between the landlord and Market My Property, without additional costs.

The amount of guaranteed rent will depend on factors such as the property's location, size, and condition, as well as the terms of the contract.

Yes, Market My Property will provide guaranteed rent even if your property is currently vacant.

It depends on the existing tenancy agreement. Market My Property may either take over the existing tenancy or wait for it to expire before renting the property themselves.

This will depend on the extent of repairs or renovations needed. Market My Property may require necessary repairs or renovations to be completed before entering into a guaranteed rent agreement.

Market My Property offers guaranteed rent schemes across the UK, including major cities.

Yes, Market My Property can apply guaranteed rent schemes to multiple properties, providing specific quotes for each property or block of flats.

Selling a property under a guaranteed rent agreement may require a review of contract terms, particularly regarding termination clauses. Landlords should provide notice to Market My Property and resolve any outstanding payments or obligations as per the agreement.

Guaranteed rent schemes from Market My Property can be applied to various types of properties, including residential homes, apartments, student accommodations, and commercial properties.

The guaranteed rent amount is determined through a market analysis and property evaluation by Market My Property. It is often slightly below market rate to account for the guaranteed income and hassle-free nature of the scheme.

Landlords should research to find reputable guaranteed rent providers like Market My Property. Reading reviews, seeking recommendations, and consulting with real estate agents can help ensure a reliable partnership.

Yes, Market My Property allows customization of guaranteed rent agreements. Landlords can discuss their preferences, including contract length, rent amount, and services provided, before finalizing the agreement.

While there are no hidden fees with Market My Property’s guaranteed rent scheme, landlords should always confirm fee structures with management companies to avoid misunderstandings. Transparency regarding fees is essential.

Market My Property typically handles damages caused by tenants. A security deposit is collected, and if the damages exceed this amount, additional insurance or coverage may be used to address the issue, relieving the landlord of financial responsibility.

Yes, while guaranteed rent ensures a stable income with minimal involvement from the landlord, rent-to-rent schemes involve a third party renting and then subletting the property. Guaranteed rent offers a more secure income with lower risks.

A guaranteed rent agreement includes a formal contract outlining rent amount, payment schedule, responsibilities, and termination clauses. It is important for landlords to thoroughly review this documentation.

Yes, landlords with multiple properties can sign up for Market My Property’s guaranteed rent schemes. Each property would have its own agreement, providing stable income across a portfolio of properties.