RENT TO LET: What is it and how does it work?
Rent to Let is where Majestic Property Solutions Ltd, Barnstaple will rent a property from the owner of a house, flat, bungalow, etc and guarantee the Landlord will receive a fixed guaranteed rent. Majestic Property Solutions Ltd will then fill your property with tenants, taking the everyday hassle away from the landlord.
There are several ways to legally sublet a property, usually involving commercial or corporate tenancies, management agreements, leases or guaranteed rent schemes.
Rent to Let can be attractive to landlords who want a hands-off investment. Landlords agree to a guaranteed rent while Majestic Property Solutions Ltd will look after their property, do any small maintenance jobs required and will find manage the tenants
… Rent-to-Let allows you to generate cash quickly, with far less of a need for capital than normal buy-to-let.
The advantage for the landlord will be that they will have a guaranteed income and with no hassle. The Landlord will hand over their property to Majestic property Solutions Ltd, and they’ll get paid every month for the next few years without having to do anything at all.
Benefits to a Landlord, you won’t have to worry about:
Tenants not paying their rent.
Gaps between tenancies, because you have promised to pay them regardless
Bills and other costs of ownership
Small Maintenance Jobs
(Basically.... the reason the landlord doesn’t have to worry about these are because they will become our responsibility at Majestic Property Solutions!)
From the landlord’s perspective, this is different from just using an Estate Agent to rent their property – because while an agent could remove a lot of the hassle, the landlord would retain responsibility for costs and only get paid as long as there are tenants in place and paying.