Information for you, our Landlord

Photo of keys and Tenancy Agreement

As part of the service we offer you, we can also guarantee the rent on your property. This Guarantee is an addendum to and forms part of the letting services agreement between us (the agent) and you (the Landlord)

This Guarantee forms part of the service standard for the vetting service provided by us. In support of this service for vetting prospective tenant's financial profile and general credit worthiness, if the tenant falls into rent arrears and continues to default, we will seek to obtain vacant possession of the property and pay certain limited rent to you.

What does this mean?

Even the best tenants fall on hard times. In fact, most recent defaults are due to an inability to pay when circumstances change, rather than a refusal. Reasons can include unavoidable things like loss of job, relationship breakdown, or long term sickness. While you may be sympathetic, you still need the money to pay the mortgage.

What will i be covered for?

  • Six or Twelve months cover options avaialable
  • Up to a maximum of six rental repayments on 12 month policies, and on six month Absolute Zero
  • Up to a maximim of five rental payments on a 6 month Absolute
  • Up to 50% of the rent for up to two months after vacant possession has been obtained whilst we look for new tenants
  • Payments will be made subject to any deductions agreed in the agency agreement

Deductions will also be made for any outstanding charges due from you:

  • In the event of a counter-claim, all payments under this guarantee will be held back until the Court orders that rent was lawfully due. You will be required to fund legal action to defend a counter claim

Any rental payment defaults will be individually reviewed and the most appropriate enforcement method will be selected - including effective credit control processes and utilisation of any tenancy guarentor if available. Payments made under this guarantee will be at our discretion, and we will discuss all options with you in the event that the tenant were to fall into, and remain in, rent arrears.

If you have any questions, please do not hesitate to contact us.

Interested? Please contact bramleys!

Find out how can we help you! Call our head office on 01484 530361 or browse our branches to find out which is most convenient for you to get in touch.

alternatively, e-mail us lettings@bramleys1.co.uk