Guaranteed rent means a company leases your property and pays you a fixed monthly rent, whether or not a tenant is living there. Here is how it works with Hills Consortium Ltd, part of the Hills group.
How it works
- Hills Consortium leases your property for 3 to 7 years, then month to month on the same terms.
- You are paid a fixed monthly rent agreed in the lease, monthly in arrears on the 15th of every month, 52 weeks of the year.
- There are no fees to you, and you do not have to find tenants or chase rent.
What you remain responsible for
As the owner, you keep responsibility for the structure and major repairs (we handle minor repairs), buildings insurance, safety certificates and any licence the council requires, and any white goods and furniture you provide.
Paid every month, rain or shine
Your rent is paid in full on the 15th of every month, whether the property is occupied or empty. Since 2003, Hills Consortium has never missed a rent payment or paid late.
Ending the lease
After 24 months you can end the lease with 1 month’s notice if the property is empty, or 8 months’ notice if it is occupied.
Is it right for you?
Guaranteed rent suits landlords who value a steady, predictable income and less day-to-day involvement. If you would rather choose your own tenant and keep full control of the rent, our tenant finding and full management services may suit you better.
Read more about guaranteed rent at Hills Consortium or call us on 020 8553 3036 for a quote.
