Rent Guarantee vs Traditional Lettings
Private Renting
Private renting and traditional agency letting involve commissions, repairs, void periods etc.
Guaranteed Rent Scheme
Guaranteed rent benefits from fixed income from the start date and save £1000's annually.
Guaranteed rent pays £14400.00, Saving £3490.00 Per Year.
Traditional Agency Letting
For a property with a monthly rental value of £1200, the landlord will encounter the following costs and fees if rented privately or through traditional agency letting.
- Agency Fees 10% = £1440.00
- Initial Set Up Fees = £600.00
- Repairs + Maintenance = £900.00
- Void Period (Assuming Two Weeks P/A) = £550.00
- Annual Cost = £3490.00
- Landlord receives £10910.00 after all deductions if using traditional letting service.
