*R2R (RENT TO RENT)
Guaranteed Rent also known as Rent to Rent is where an individual or company takes an interest in a property for a period of time from a landlord and guarantees to pay a fixed rent to the landlord. The landlord gives consent to the third party, 'the Renter', to then rent the property to other tenants.
*SA (SERVICED ACCOMMODATION)
Serviced Accommodation are fully furnished apartment, houses, holiday cottage etc... which are available for short-term or long-term let, providing hotel-like amenities such as housekeeping, room service, bed and breakfast and holiday accommodation etc...
*HMO (HOUSE OF MULTIPLE OCCUPANCY)
A House in Multiple Occupancy (HMO) is a property which is rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but they share facilities like the kitchen and bathroom. This used to be called a ‘house share’. If you want to rent out your property as a house of multiple occupancy in England you must contact your council to check if you need a licence. You must have a licence if you’re renting out a large HMO in England or Wales. * Your property is defined as a large HMO if all the following apply:
It is rented to 5 or more people who form more than 1 household
Some or all tenants share toilet, bathroom or kitchen facilities
At least 1 tenant pays rent or (their employer pays it for them)
Lease Options. A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
If you are struggling to sell a property we can help resource buyers, tenants and ways to get income from hard to rent or sell properties, covering Barnstaple, Bideford, Braunton, Ilfracombe and surrounding areas.
We can take away the difficulties in dealing with properties and Probate. We can help you to receive valuable instant income from a property by either Rent 2 Rent, matchmaker, or serviced accommodation or short or long term tenants.
Residential repossession, asset management is a large part of our Majestic Property Solutions Ltd business.
Majestic Property Solutions Ltd will offer a comprehensive service from pre-possession to completion with our focus on achieving the best possible price for a property in the shortest timescales, to ensure a fair and reasonable outcome.
Majestic Property Solutions Ltd are experienced in our personnel across Barnstaple, Bideford, Braunton, Ilfracombe and surrounding areas.
Majestic Property Solutions Ltd offers the following services including, assisted voluntary sales, end of term assisted sales, shared ownership and high value sales.