Guaranteed Rent

Guaranteed Rent

Sparemove is a trusted guaranteed rent agency offering excellent service to clients across London.

We offer guaranteed rent for Landlords, every month, even if your property is empty. There are no void periods, no agency fees and no hidden costs. Plus, the property will be kept in excellent condition throughout the guaranteed rent contract.

If you’re looking for zero-vacancy risk renting and hassle-free rental income, we have the solution.

How Does Guaranteed Rent Work?

When you sign up for a guaranteed rent scheme, the provider effectively becomes your tenant. The provider then sublets your property to the actual tenants, managing the tenant selection process, the property itself and any repairs and maintenance throughout the contract.

Because the provider, I.E. Sparemove, is technically your tenant, they are liable for the rent each month. That means even if the property is empty, or the actual tenant missed a rent payment, you will still receive the agreed amount in your bank account each month.

Landlords benefit from secure rental payments every month and complete peace of mind that their income is protected.

Pros and Cons of Guaranteed Rent Schemes

At Sparemove we aim to be completely transparent, so we like to give you all the facts before we ask you to sign any contracts. If you’re considering guaranteed rent, here are some of the advantages and disadvantages:

Pros

• Fixed rental income every month, even if the property is empty or a payment has been missed
• Landlords don’t have to be involved in the management process, as that is taken care of by the estate agents
• Landlords can choose from a 1-5 year contract, giving them the flexibility to dip their toes in or commit to 5 years of peace of mind
• You can safeguard yourself from the potential legal problems that come with managing a property, as the liability falls to the estate agents
• Agents have a responsibility to return your property in a similar shape to when it was taken (apart from minor wear and tear)

Cons

• You have limited control over who lives in your property, as this is decided by the agents
• If you choose the wrong guaranteed rent company you could face poor management
• The monthly rental income can be lower than renting privately, to account for the potential empty periods

Contact Sparemove for Guaranteed Rental Income

If we have piqued your interest, get in touch with our team of estate agents to find out more about our services.

At Sparemove we believe in honesty, integrity and commitment. We live and breathe these values and we approach every situation with them in mind, ensuring we can meet each client’s needs to the best of our ability.

We have an exceptional knowledge of London and a professional understanding of the property market as a whole. So, if you’re looking for guaranteed rent estate agents in London, we’re the perfect partner.

To find out what rental income your property could achieve, fill in our free property valuation form or get in touch to speak to an agent.