What is a Guaranteed Rent Scheme and Is It Right for You?
November 2, 2024
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TL;DR
Late or missed rent payments are one of the most frustrating and financially damaging issues landlords face. They disrupt your cash flow, delay mortgage payments, and create tension with tenants.
The traditional rental model leaves landlords exposed to uncertainty—but there’s a better way. At Citywide Housing Group (CHG), we remove this risk entirely by paying landlords consistent rent, regardless of when or whether the tenant pays.
Why Late Rent Happens
Even well-intentioned tenants can fall behind on rent. Common causes include:
- Job loss or income instability
- Rising cost of living
- Poor budgeting or money management
- Disputes over property condition
- Tenants prioritising other bills first
Whatever the reason, the result is the same: the landlord loses out.
The Real Cost of Late Rent
Late payments aren’t just inconvenient—they’re costly:
Mortgage delays: You still have to pay the lender on time.
Admin overload: Chasing rent, sending reminders, and legal notices takes time.
Legal risks: Evictions for arrears are time-consuming and expensive.
Stress: Constant worry about cash flow and tenant reliability.
Most landlords don’t realise how much this eats into their annual income until it’s too late.
How Our Guaranteed Rent Scheme Works
Step 1: Get in Touch
Contact us today by phone or complete our online form to schedule a free, no-obligation property consultation.
Step 2: Property Assessment
We’ll visit your property to assess its condition, provide recommendations for any necessary improvements, and ensure it meets all required standards.
Step 3: Compliance & Handover
We manage the entire compliance process, carry out any necessary repairs, and arrange for an inventory check before officially handing over the property.
Step 4: Consistent Rent Begins
Once everything is in place, we take care of the property management, and you’ll start receiving consistent rent every month.
Why Guaranteed Rent is Perfect for Property Investors
Bradford is a thriving city with a strong rental market. However, like many areas in the UK, landlords often face the challenges of tenant turnover, property voids, and late payments. By partnering with Citywide Housing, you gain the peace of mind of knowing that you will receive a consistent, hassle-free income.
How Citywide Housing Group Supports Landlords
At Citywide Housing Group, we specialise in helping landlords secure guaranteed income with long-term leases. Our approach ensures:
Full Property Management: From tenant management to maintenance, we take care of everything so you don’t have to.
Compliance and Legal Support: We ensure that all your properties meet legal requirements and comply with housing standards.
No Hidden Fees: We believe in transparency, with no surprise costs—what we agree on is what you get.
Local Expertise: Our team is familiar with the Bradford housing market, ensuring you get the best returns for your property.
FAQs About Guaranteed Rent for Leeds Landlords
Our leases typically last between 3 to 5 years, offering landlords long-term stability.
Even if your property is vacant, you will still receive guaranteed rent payments.
Yes, you can sell your property at any time, but your guaranteed rent payments will continue until the end of the lease agreement.
Contact us for a free property assessment and see how our guaranteed rent scheme can benefit your Leeds property.
How to Get Started with Citywide Housing Group
If you’re ready to secure fixed, reliable income with no voids or arrears, it’s time to join the growing number of landlords in Leeds benefiting from guaranteed rent schemes.
Contact Citywide Housing Group today to schedule your free property assessment and discover how we can help you unlock the potential of your property.
For more information, visit Citywide Housing or call us at 0113 323 0678.
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