We Pay Your Rent - even if your tenant doesn’t!

Make late payments and missed payments a thing of the past. With our full protection management package, we guarantee that we will pay your rent on the due date every month - regardless of whether the tenant pays us on time or not.

Tenants can make late payments for many reasons. They may find themselves short one month, and unable to pay on the due date. They may lose their jobs, or separate. Or they may just not want to pay.  The majority of rent guarantee packages will recover any rent owed to you by the tenant - however, they usually have a policy excess on them of around one months rent, and take time to recover your money. With our full protection management package, there is no excess and no delay in your rent - we pay your rent on time, every time - regardless of whether the tenant pays us or not. So you are guaranteed to receive your rent on the due date every month without fail. If the tenant consistently fails to pay the rent and eviction is necessary, all legal fees and eviction costs are covered - and you still receive your rent until vacant possession

How does it work?  When the tenant finds a property for rent, and passes all credit checking and tenant referencing, we agree a tenancy start date.  Once the tenant moves in, we set up a schedule of rent payments, and guarantee to send you the rent on the same day every month.  If the tenant defaults, or pays late, we maintain the regular rent payment schedule regardless - so you still receive the rent on the same day every month without interruption. 

• Example 1 - The tenant finds a property for rent, passes the relevant tenancy referencing, and moves in to the property on the 1st July.  They pay their rent on the due date every month, until the 1st December.  During the Christmas period, they find they are struggling to maintain their rent payments, and only manage to pay half of the rent on the 1st December.  On the 1st January, they are still struggling to pay the rent, and can only manage to pay half of the rent again, in total owing a full month's rent.  By the 1st February they are able to pay the full month's rent, but not clear the arrears.  In this situation, the landlord will still receive the full month's rent on the 1st December, and the full month's rent on the 1st January, so will not have lost any income.  The regular schedule of rent payments to the landlord on the 1st of the month will not have been interrupted, and the landlord will not be owed any rent. 

• Example 2 - The tenant finds a property for rent, passes the relevant tenancy referencing, and moves in to the property on the 1st July.  After moving into the property, they then refuse to pay any further rent.  They refuse to vacate the property, and build up a full two month's rent arrears.  In this situation, the landlord will still receive the due rent on the 1st of each month, with no interruption and no rent arrears.  We will continue to pay the landlord the rent without interruption until the tenant either vacates the property, or is evicted through the courts.  Should the tenant need to be evicted, the full eviction process, from the submission of the Section 8 or Section 21 Notice to the Court Eviction is processed at no extra cost to the landlord, and the full rent is paid to the landlord until the tenant is evicted and legal possession of the property is obtained. 

If you would like further information about our Guaranteed Rental service, please contact us