If you are a landlord looking for a fixed rental income, paid each month without all the stresses involved of letting out a property, then you have come to the right place! We are the UK’s number one provider of Guaranteed Rent (sometimes known as Rent to Rent) and the only national network that offers this service without the backing of an insurance policy. With Northwood you get a guaranteed monthly income on time every month even if the property is empty; we take on the risk.
How does it work?
Propwel effectively becomes your tenant which guarantees you a fixed rental income. We then sub-let your property, taking care to select the right tenants and then manage the property throughout the tenancy on your behalf so you can sit back and relax.
Propwel’s Guaranteed Rent Service gives you:
Everything in Our Full Management Service + the following below:
- A guaranteed rental income paid to you on time, every month.
- You still get paid even if the sub-tenant pays us late or doesn’t pay us at all.
- You get paid on time even if the rent is not paid on time or even at all.
- No set up fees, monthly commissions, or hidden extras.
- No direct contact with the sub-tenant, everything is dealt with by Propwel. No queries, questions, or complaints for you to deal with.
- A guaranteed contract start date – no void periods to worry about.
- If ever needed, we will cover the court costs and the eviction process whilst still paying you.
- We will carry out property inspections and maintenance management.
- Internal condition guaranteed, subject to fair wear and tear, up to one and half months’ rent.
- No further management fee's
Guaranteed Rent Fee: