How does the Guaranteed Rent Scheme work?
MX Estates effectively become your tenant, guaranteeing you a fixed rental income. You will continue to receive the agreed rent regardless of whether the property is tenanted or empty.
How long is a Guaranteed Rent contract?
The rent guarantee contact we can offer from a minimum of 12 months up to a maximum of 5 years.
What are the benefits of Guaranteed Rent for landlords?
The benefits of a rent guarantee scheme for landlords include no void periods, no rent arrears, no commission, no set-up fees, no renewal fees or any other “hidden extras”. No need to deal with the tenants at all. We can be flexible with payment dates, contract lengths, and start dates.
If I let my property unfurnished, do I still need to supply any white goods?
Where the property is required unfurnished, landlords will still be required to supply the following items;
- Fridge freezer
- Oven or Cooker
- Nets and heavy curtains or blinds
If I let my property unfurnished, do I still need to supply any white goods?
Where the property is required unfurnished, landlords will still be required to supply the following items;
- Fridge freezer
- Oven or Cooker
- Nets and heavy curtains or blinds
What do I need to do when I lease my property?
Simply call our leasing team on 020 7205 2544 who will be pleased to arrange a no obligation property valuation. We will meet you at the property and advise you of any areas that may need addressing prior to leasing your property.
How long will the process of letting my property take?
Generally the leasing process can be a quick as 24 hours to a maximum of 10 days.
Who is responsible for bills and Council Tax?
All utility bills and Council Tax will be transferred to the tenants by MX Estates. During the term of the contract, the tenant will be liable for all utility bills and Council Tax.
How and when do I get paid the Guaranteed rent?
All payments are made by an automated BACS system. Payments will usually take 2 working days to clear in to your account. Rental payments are made on the last day of the month monthly in arrears.
All payments are made by an automated BACS system. Payments will usually take 2 working days to clear in to your account. Rental payments are made on the last day of the month monthly in arrears
No we don’t. The rent agreed will be the rent that you receive from MX Estates every month. We do not charge commission or a management fee.
Do I have to inform my mortgage company?
You will need to check with your mortgage lender whether your mortgage terms allow you to let your property
Do I need a property licence?
Many boroughs although not all require a license from the council to rent the property. This is either a selective licence or HMO. For all PSL (Private sector leasing) this is normally exempt.
What documents will I require to lease my property?
You will require the following documents to lease your property. Please use the following landlord check-list:
- Copy of Council Tax Bill.
- Copy of valid NICEIC Certificate.
- Copy of valid Gas Safety record.
- Copy of valid Energy Performance Certificate.
- Copy of Building Insurance.
- Copy of a recent Mortgage Statement.
- Copy of utility bills.
- 3 FULL sets of keys.
If you do not have a valid gas safety, electric, or Energy Performance Certificate, we can arrange these for you, just ask a member of the team by calling 020 7205 2544
Is Guaranteed Rent an insurance policy?
No it isn’t. Our service provides you with Guaranteed Rent each and every month. We do not charge any insurance premiums.