GUARANTEED RENT

WHAT ARE THE BENEFITS OF

GUARANTEED RENT
TO LANDLORDS

Guaranteed Rent, AKA your perfect tenant (yes… they do exist). 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 like Prescott Serviced Apartments, 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.

GUARANTEED INCOME

As a landlord, you receive guaranteed rent consistently and punctually every month, even if the property is vacant. You can count on getting paid on time, every time!

LOCAL
TO YOU

Prescott Serviced Apartments builds local teams in each location where guaranteed rent is offered and currently provides guaranteed rent services in more than 5 cities across the UK.

LONG TERM CONTRACTS

Guaranteed rent contracts typically span from 3 to 5 years and can extend beyond. Prescott Serviced Apartments fosters long-term relationships with all our landlords.

HIGH PROPERTY UPKEEP

Your property will be professionally cleaned by our dedicated team at least once a week, ensuring it is maintained to the highest standards.

NO TENANT
ISSUES

All tenant issues are handled by Prescott Serviced Apartments. This means no stress of late-night phone calls for you as the landlord!

NO MAINTENANCE COSTS

Under guaranteed rent, Prescott Serviced Apartments is responsible for handling and covering all wear and tear maintenance issues. This means you don't have to worry about anything.

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.

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.

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.

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.