What is
GUARANTEED RENT
Are you seeking Guaranteed Rent, consistently delivered on time every month?
Guaranteed Rent, also known as 'rent to rent', offers landlords a stable, risk-free rental income. It involves signing a contract with an agent, such as a property management company like Sahara Suites, who then sublets the property. They may utilise it as a holiday let or rent it out to long-term occupants.
Guaranteed rent agreements typically last 3 to 5 years but can extend much longer if both parties are satisfied, which is often the case. Throughout this period, you'll receive fixed, regular payments regardless of the property's occupancy status or income generated.
During the contract duration, the guaranteed rent company assumes responsibility for all aspects of property management and maintenance. Refer to the Frequently Asked Questions below to learn more about what maintenance entails.
HOW DOES GUARANTEED RENT WORK ?
1
APPLICATION / PROPERTY APPROVAL
Once you've completed the guaranteed rent inquiry form, we will review your property/application and conduct some background research to provide you with a quick estimate of our offer.
We’ll then get in touch to inform you of your property's potential value and arrange a viewing as soon as possible. Our goal is always to offer market rent or above for your property.
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3
THE TENANCY STARTS
Once the terms of the guaranteed rent agreement have been confirmed with you as the landlord, we will take responsibility for the upkeep of the property and pay the first rental installment.
We’ll arrange any necessary upgrades to the property and begin using it to provide our clients in the area with high-quality serviced accommodation. After the property is set up, we always encourage our landlords to view it in its full glory.
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2
AGREEMENT / VIEWING
After viewing your property, we will provide you with a revised formal offer within 24 hours, which you are free to accept or reject.
This offer will include our terms, the length of the contract (usually 3-5 years), our plans for any necessary work, and detailed rent payments.
We are very flexible regarding terms and welcome any suggestions from landlords or agents.
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4
ANNUAL REVIEW
Towards the end of the contract, we will let you know if we would like to seek to extend the contract. In most cases, we will look to complete an annual review where we show our intention to extend the contract.
If both parties agree to renew, then we will discuss a new contract, or simply extend the existing one. Should the parties agree to go our separate ways, we will return the property to you in the same, if not better condition as when we took it on.
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GUARANTEED RENT
LOCATIONS
What Properties Work
FOR GUARANTEED RENT?
Our Guaranteed Rent service across the UK alleviates stress for local landlords, guaranteeing you receive your monthly rental income in full and on time, regardless of any late payments from tenants or void periods.
What sets us apart from other property agencies is that Sahara Suites will pay you rent on your Portsmouth properties at fair market value or above, and then rent out the property as a Short-Term Let/Airbnb.
Your property will be meticulously maintained throughout the tenancy, and any maintenance issues will be promptly resolved by Sahara Suites within 24 hours, ensuring zero hassle and zero expenditure for you as the landlord.
