Rent Guarantee Plan | Lexingtons

Guaranteed Rent - How does it work?

Lexingtons Property Management and Maintenance Ltd takes a lease over your property for a period of between 1 and 5 years and then we sub-let the property on an AST (Assured Shorthold Tenancy).

Lexingtons Property Management and Maintenance Ltd will GUARANTEE the rent on your property regardless of whether a sub-tenant pays us or not, we will pay the agreed guaranteed rent to you.

As the landlord, you will not need to take any additional cover to protect yourself for rent arrears as this is all covered by Lexingtons, therefore saving you time, money and giving you peace of mind.

The property will be managed with all the benefits of our Full Management Plan.

Terms and Conditions apply - available on request

Typical Example

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Features of the scheme

Rent paid even if your property is empty
Rent paid even if the sub-tenant fails to pay
Rental payments, paid on time every-time to the landlord
Regular property inspections to ensure the property is being maintained as expected
Property returned to landlord in same condition as initially presented, subject to fair wear and tear allowances.
Hassle free service for the landlord

Benefits of the scheme

No void periods
No arrears
No late payments
No problem tenants
Full management service
Free Gas Safety Certificate
Free Energy Performance Certificate
Free Electrical Safety Report, (not including remidial works)
Guaranteed contract start date
No tenancy fees or renewal fees
Improved cash-flow
No stress, hence total peace of mind

There are minimum safety requirements for any property to be considered for inclusion within the scheme.

NICEIC/NAPIT Electrical certificate
Gas safety certificate produced by a registered Gas-Safe engineer
Fire door to kitchen fitted with a door closer
Restrictors to all windows on the 1st floor and above
Hardwired carbon monoxide detector
Hardwired smoke alarms in communal areas
Smoke alarms to all floors
Sealed lights to kitchen and bathrooms

Lexington's can produce quotes and arrange for any works to be undertaken and for any required certificates to be produced.