What is guaranteed rent?
Guaranteed rent is when an individual, or company, agrees to take over the management of a property for a fixed period of time. During this time, the individual, or company, rents out the property to a tenant.
Guaranteed rent benefits the landlord in many ways. Their rental income is guaranteed, regardless of whether the tenants pay their rent on time, or whether the property is empty. The individual or company who takes over the property is also responsible for any damage; they are obligated to return it in the same way it was received.
Guaranteed rent is perfect for landlords who want to take a step back, and let their property earn.
Our local knowledge
Ask any Bankside local where to get the best cup of coffee, and most of them will tell you it’s Monmouth, much of TripAdvisor also agrees with this statement.
You might encounter a queue that goes round the corner, but the caffeine will make it all worth it. Nearby, you’ll find an endless selection of cheese, at Mons Cheesemongers.
Get started with guaranteed rent
If you are considering signing up to a guaranteed rent scheme in Bankside, our estate agents are on hand to tell you more about the benefits and answer any questions you may have. Get in touch to get the ball rolling.