Guaranteed Rent FAQ’s

Guaranteed Rent FAQ

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Conventional letting agents and start up rent-to-rent companies unquestionably rely on receiving the rent from the tenants, before they are able to or are in a cash positive position to pay the rent to you (the landlord).

Mayfair stands out from other firms because we are committed to pay the agreed rent on the same day every month, no matter what!

Is it an insurance policy?

Mayfair is in fact safer than any guaranteed rent insurance policy! Unlike insurance policies, our Mayfair product ensures that landlords receive their agreed rent, no matter what… for 365 days a year even when the property is vacant! Even when the property hasn’t been let!

Mayfair therefore eliminates the risks associated with being a landlord 365 days a year!

No fees or commissions to pay 

When you decide to lease your property to Mayfair, there are no letting fees to pay! There are no monthly management fees to pay! There are no hidden fees and there’s no vat to pay! Mayfair offers the best possible rental value and you receive that exact rent throughout the contractual term. It’s that simple.

Guaranteed rent start date

Mayfair are landlords too, which means we understand the impact on cash flow when we have a vacant property. Waiting for a conventional letting agent to find a tenant, do a credit check, get reference, wait for them to serve a month’s notice etc… this depletes landlords’ cash flow and returns on that particular property and they still can’t guarantee when the rent and tenancy will commence until the tenants finally move in!

Mayfair ensures that you receive a guaranteed start date, which is 28 days from when you (the landlord) accept our offer. Even if the property is vacant (if we haven’t found a suitable sub-tenant) Mayfair will commence the rental payments on or before the 28th day, no matter what!

Legal costs covered

In the event whereby the problem tenants residing in your property (as our sub tenants) fail to pay their rent and now need to be evicted, Mayfair continue to pay our agreed rent to you (the landlord). Where Mayfair have instructed lawyers to evict the problem tenants via the courts, we are responsible for covering all of the costs associated with the eviction.

Internal condition guaranteed

There’s nothing more worrying for landlords than contemplating or dreading the condition their property is returned in by the tenants or their managing agents. In order to completely eliminate this stress for landlords, Mayfair personally return then property in the same condition, sometimes better, than when we received it in. Mayfair have an agreement with you (the landlord) and we personally cover any dilapidations up to the sum of 6 weeks rent, which we lodge in a secure government scheme.

Do you pay the market rent?

Mayfair do in fact pay close to the market rent, which turns out to be close to, or in some cases slightly more than, you would receive from a conventional lettings agent on their fully managed scheme. The difference and benefit of using Mayfair is that we completely take away all of the stresses associated with being a landlord whilst your rent is fixed and guaranteed for up to 5 years.

For more information, to discuss letting, property management or to arrange a valuation… Call Mayfair Property Management today on 020 3538 7219. Alternatively click here to request your FREE online valuation.