New rent guarantee service ‘first to eliminate rent arrears and voids for landlords’

admin    Uncategorized     agents

A letting agent is guaranteeing landlords that it can pay out their total rent every month, regardless of void periods and late payments.

London and overseas firm Holland Properties’ new service – Holland Assurance – aims to guarantee a consistent income for investors, even if their tenants miss a payment.

Tenants don’t pay the company up front, but as per a normal letting agreement, it explains. For landlords, there’s no need to wait for tenants to pay, as they receive their income regardless of when payment was made, even when tenants are in arrears.

All property breakdowns get combined into one single statement, once a month, on a chosen day. 

The company also guarantees an increase on the rent for the first year based on a landlord’s current rent, while paying out even if the property is empty, depending on the property, area and current rent.

Financial problems

“Landlords can be assured that in case of any financial problems, their rent is protected by tenant referencing,” according to MD Sheldon Cole, who believes that his is the first property firm offering this kind of guarantee.

“It is a bold and dynamic move that pushes boundaries, but we are confident we can deliver,” he says.

“Our total transparency, openness, and honesty, alongside our service standards has always set us apart from our competition and now we can offer an assurance to our clients as well to make their lives easier.”

Holland Properties adds that the launch comes at a time of scrutiny for usual rental guarantee services, which can see agencies sometimes charge tenants an extra fee that the investor doesn’t see. 

Read more about rent guarantee products.

View Full Article: New rent guarantee service ‘first to eliminate rent arrears and voids for landlords’

If you enjoyed this article please consider sharing it!