Guaranteed Rent Throughout the UK
Vestara Property Ventures offers landlords throughout the UK guaranteed rental income on long-term agreements, with no vacancies, rent arrears, or maintenance. The property is looked after in excellent condition throughout the tenancy, with professional cleaning fortnightly.
If you would like to learn more about the benefits of guaranteed rent, fill out the form to get your FREE guaranteed rent quote today!
What is Guaranteed Rent?
Are you in search of guaranteed rental Income, paid punctually each month?
Guaranteed rent is a service that provides landlords with a reliable, risk-free, and hassle-free income. This involves entering into a contract with a property management company, like Vestara Property Ventures, who then sublets the property, typically to the employees of their partner companies.
Typically, guaranteed rent agreements last between 3 to 5 years, but they can extend much longer if both parties are satisfied, which is generally the case. During this period, you will receive fixed, regular payments, regardless of the property’s occupancy or income generation.
Throughout the contract, Vestara Property Ventures takes care of all aspects of property management and maintenance. Please refer to the Frequently Asked Questions below to see what is included in the maintenance services.
What are the advantages of Guaranteed Rent for landlords?
Long Agreements
Guaranteed rent contracts generally span from 3 to 5 years and can extend even longer. Vestara Property Ventures fosters long-term relationships with all its landlords.
Guaranteed Income
As a landlord, you benefit from guaranteed rent, paid promptly each month. Even if the property is vacant, you’ll still receive your payments!
No Tenant Concerns
All tenant matters are managed by Vestara Property Ventures, so you won’t have to deal with late-night phone calls or any associated stress as a landlord!
Near to You
Vestara Property Ventures establishes local teams in every area where guaranteed rent services are available.
Excellent Property Care
Your property will be professionally cleaned by our dedicated team at least fortnightly, ensuring it is looked after to the highest standards.
No Maintenance Expenses
Under guaranteed rent, Vestara Property Ventures takes care of all maintenance and wear-and-tear issues, including associated costs. This means you won’t have to worry about a thing.
How Does Guaranteed Rental Income Work?
1. Application / Property Evaluation
After you complete the guaranteed rent enquiry form, we will assess your property and conduct a brief background check to provide you with a prompt estimate of our offer.
We will then contact you to discuss your property’s potential value and aim to schedule a viewing as soon as possible. Our goal is to offer a win-win deal.
2. Agreement / Property Viewing
Once we have viewed your property, we will send you a revised formal offer within 24 hours, which you can choose to accept or decline.
This offer will outline our terms, the contract duration (typically 3-5 years), our plans for any necessary work that we will undertake, and detailed rental payments.
We are flexible with the terms and welcome any suggestions from landlords or agents.
3. The Tenancy Commences
Once the terms of the guaranteed rent agreement have been finalised with you as the landlord, we will take on the responsibility for maintaining the property and pay the first rental instalment.
We will coordinate any necessary upgrades to the property and begin using it to provide high-quality accommodation to our clients in the area. Once the property is fully set up, we always encourage our landlords to come and see it in its best condition.
4. Annual Assessment
As the contract nears its end, we will inform you if we wish to extend it. In most cases, we will conduct an annual review to express our intention to continue the agreement.
If both parties agree to renew, we will either discuss a new contract or simply extend the existing one. Should we decide to part ways, we will return the property to you in the same condition, if not better, than when we took it on.
What Types of Properties Qualify for Guaranteed Rent?
All types of properties qualify for guaranteed rental. Whether you have a one-bedroom apartment or a five-bedroom townhouse, we will provide you with an offer that varies based on the property’s location and condition.
The most desirable properties that receive the highest offers are those in good locations, with parking, a garden or outdoor space, and finished to a high standard.
If your property doesn’t meet these criteria, don’t worry! It doesn’t need to be in perfect condition, as we can advise on what needs to be done and assist with or conduct refurbishments to bring the property to our standards in the most cost-effective manner.
If you’re uncertain, please reach out to us, and we can discuss your options.
Who We Are
About Us
At Vestara Property Ventures, we specialise in providing landlords across the UK with guaranteed rental income through long-term agreements. Our mission is to eliminate the stress of property management by offering guaranteed rent with no vacancies, rent arrears, or maintenance.
Join us today and experience the peace of mind that comes with reliable rental income. Contact us to learn more about how we can help you maximise your property’s potential!
Guaranteed Rent FAQs
What is Guaranteed Rental Income?
Guaranteed rent is a service where a property management company or local council guarantees landlords a fixed monthly rental income, irrespective of whether the property is occupied or empty. The management company handles everything from managing the property to finding tenants and ensuring consistent rental payments. This setup offers landlords a reliable income stream and mitigates the risks of vacancy periods and missed rent payments.
How Does Guaranteed Rental Income Work?
With a guaranteed rent scheme, the landlord enters into an agreement with the management company, renting the property to them for a specified period. The management company takes full responsibility for the property, and the landlord receives a guaranteed rental payment each month, typically for a period of 3-5 years, or even longer if the contract is renewed.
How Does Guaranteed Rental Income Benefit Landlords?
Guaranteed rent landlords benefit from a steady and dependable rental income, even when the property is unoccupied. The management company handles finding tenants, managing the property, and addressing any maintenance issues that arise. This arrangement can save landlords considerable time, money, and hassle.
Is Guaranteed Rent Only Offered for Commercial Properties?
No, rent guarantee schemes are offered for both residential and commercial properties. Vestara Property Ventures manages over 30 properties on guaranteed rent contracts.
Can guaranteed rent be used for residential properties too?
Yes, rent guarantees can be applied to both residential and commercial properties.
Is there a minimum or maximum duration for guaranteed rent agreements?
The duration of guaranteed rent agreements can differ based on the management company, but typically, Vestara Property Ventures contracts last between 3 to 5 years. For new landlords, a one-year break clause can be offered.
Are there any costs linked to guaranteed rent?
There are no fees associated with participating in an guaranteed rent scheme with Vestara Property Ventures. From a landlord’s perspective, it feels like a typical tenancy, although the contract is between the landlord and Vestara Property Ventures. This arrangement saves landlords a significant amount of money.
Is there a cap on the amount of guaranteed rent I can receive?
The amount of guaranteed rent can fluctuate based on factors such as the property’s location, size, condition, and the terms outlined in the contract.
Can I still receive guaranteed rent if my property is currently unoccupied?
Yes, guaranteed rent is available even if the property is currently unoccupied.
Can I join an guaranteed rent scheme if I own several properties?
Yes, landlords with multiple properties can participate in assured rent schemes for each of their properties, as long as they meet the eligibility criteria set by the management company or council. Each property would have its own individual assured rent agreement, allowing landlords to benefit from stable income streams across their property portfolio. Managing multiple properties under assured rent schemes can offer convenience and financial security for landlords.
Is guaranteed rent available in all areas or just specific locations?
Vestara Property Ventures offers guaranteed rent throughout the UK.
Can I receive guaranteed rent if I own multiple properties?
Yes, guaranteed rent can be applied to multiple properties. Vestara Property Ventures will provide a specific quote for each individual property or block of flats.
Can I sell my property while it's under a guaranteed rent agreement?
Selling a property under a guaranteed rent agreement can be more complicated. Landlords should carefully review the contract terms related to property sales and termination clauses. This may require giving notice to the management company and settling any outstanding payments or penalties as stipulated in the agreement.
Are there certain types of properties that are ideal for guaranteed rent schemes?
Guaranteed rent schemes are flexible and can be applied to a range of property types, including residential homes, apartments, student accommodations, and commercial properties. However, eligibility criteria may differ among various providers.
How is the rental amount established in an guaranteed rent scheme?
The rental amount is typically established through a market analysis and property evaluation conducted by the management company. It is often set slightly below the market rate to account for the guaranteed income and the hassle-free nature of the service.
Can I personalise the guaranteed rent agreement to suit my specific needs?
Some management companies provide customizable guaranteed rent agreements tailored to the specific needs of landlords. Before finalising the agreement, landlords can discuss their preferences and requirements with the management company. Customisation options may include services provided, rent amount, contract duration, and other terms, ensuring the agreement aligns with the landlord’s unique circumstances and goals.
Are there any extra costs linked to guaranteed rent schemes?
Landlords should ask about any additional fees or charges associated with guaranteed rent schemes. Some management companies may deduct administrative fees, maintenance costs, or other expenses from the guaranteed rent amount. It’s important to understand the fee structure and any potential deductions before entering into an agreement. Clear communication and transparency regarding fees are vital for a successful partnership between landlords and guaranteed rent providers.
What happens if the tenant damages the property in a guaranteed rent scheme?
In most guaranteed rent schemes, the management company is responsible for managing damage caused by tenants. They typically utilise the security deposit held from the tenant to cover repair costs. If the damages exceed the deposit amount, the management company may cover the additional expenses or have insurance policies to address such situations. This ensures that landlords are generally protected from the financial burden of damages caused by tenants.
What types of documentation are required in an guaranteed rent agreement?
A guaranteed rent agreement typically includes a formal written contract that outlines the terms and conditions agreed upon by both parties. This document covers details such as the rent amount, payment schedule, responsibilities of the management company, termination clauses, and any specific arrangements. It’s crucial for landlords to carefully review and understand the documentation before signing to prevent any misunderstandings in the future.