How does guaranteed rent work?
We effectively become your tenant after agreeing a rent with you, this in return is guaranteeing you a fixed rental income even if the property is empty or the tenant decides to stop paying. As we are the tenant that will guarantee you your monthly rent, we then sub-let the property, by vetting the right tenants we can trust will take care of the AST (Assured Short-hold Tenancy) agreement. If they stop paying, decide to leave without notice, damage the property or force us to take an eviction order to remove them, we will take the financial burden – not you.
How long is the guaranteed rental agreement for?
A minimum of 12 months is all we ask for in the beginning and the option to have a maximum 5 year contract with the flexibility of renewing contracts on a rolling basis.
A rental agreement you can trust
We sign an agreement with you to manage your property for a specific period of time. In return, we will guarantee you a set monthly rental income and even though your overall monthly rent is slightly lower than the actual market value, but given the risks involved as a landlord, from non-payment of rent to other costs associated with difficult tenants including eviction, you will end up saving yourself thousands of pounds should any negative situation arise due to the tenant.
Operating since 2010, AMS Housing has robust financial resources and systems in place to be able to offer such guarantees, and a long track record in delivering on these. We are very selective about the properties and the tenants that we take on, whether they are private or from local authorities. In this way, we are able to protect both our and our clients’ interests.
As an added assurance, our membership to the Ombudsman Services – Property, is our company policy in ethically adhering to the standards of this independent body, while also offering clear and effective redress for any issues that may arise between ourselves and our clients.
What other advantages can this scheme offer me?
- We can Lease the property for 1-5 years.
- Achieve market value rent on the property.
- Pay you the rent on the same day every month, guaranteed.
- Pay you even if the property is empty so non void period.
- We take care of any evictions.
- All damage and repair bills covered by us.
- No commission or set-up fee charged or any hidden costs.
- We choose and select suitable tenants we can trust.
- Never worry about arrears.
- Choose the dates you would like to be paid.
- Fixed monthly payments for up to 5 years.
- A fully-managedproperty service as part of the contract.
- No extra charges or fees, even for evictions.
- Peace of mind because you will be paid no matter what.
Management service also includes:
- Finding tenants, referencing and moving in
- Preparing Tenancy Agreements and inventories
- Registering the tenant’s deposit and reconciliation
- Regular property and tenant inspections
- Using qualified contractors to deal with repair issues as they arise
- Rent collection
- 24-hour call-out service for tenants
- Ongoing advice and guidance for landlords
- Compliance management
- Maintaining the property to the same standard as when first leased.