Questions
Frequently Asked Questions
Guaranteed rent, property management, compliance and what happens at the end of a term — answered properly.
Questions
The questions landlords ask us most.
What is guaranteed rent?
We take a lease on your property for an agreed term and pay you a fixed rent every month for its duration. The payment does not depend on the property being occupied or on a tenant paying — that risk moves to us. In exchange, the monthly figure is set slightly below what an open-market letting might achieve in a good year.
How does the figure compare to letting on the open market?
Usually a little lower per month, and often higher over the term once you account for void periods, agency commission, re-letting fees, renewal fees and the repairs you would otherwise pay for. We will show you the comparison for your property rather than argue it in the abstract.
Who is responsible for repairs?
Day-to-day maintenance and the cost of managing the property sit with us for the term. Structural work, and anything that is the freeholder or owner obligation, remains with you — the agreement sets out exactly where the line falls before you sign.
What condition will the property be in at the end?
It is returned in the condition agreed at handover, fair wear and tear excepted. Condition is recorded in an inventory at the start, with photographs, so there is nothing to argue about at the end.
Do you take HMOs, blocks and portfolios?
Yes. HMOs need the correct licensing in place, and blocks are assessed as a whole rather than unit by unit. Portfolio landlords get one agreement and one point of contact across every property.
How quickly can it start?
A valuation within one working day, an offer in writing shortly after, and commencement once compliance documentation and handover are complete. For a property that is already certified and empty, that is usually a matter of days rather than weeks.
Your property should be earning every month, without the admin.
Free valuation. No obligation to proceed.
Free valuation
Find out your guaranteed rent figure.
Send the details and a member of the ROOMS 24 team will come back to you with an indicative monthly figure and the management route that suits the property.
- 020 3196 2595
- info@rooms-24.co.uk
- Unit 220, Huddle Wimbledon, 4 Queens Road, London SW19 8ND