Guaranteed Rent London | Fixed Monthly Income for Landlords

How guaranteed rent works

You sign one agreement with Redwood Residences. We take responsibility for the property for the length of that agreement and pay you a fixed monthly sum on the same date each month. Whether the property is full, empty, or between tenants makes no difference to what you receive.

We then place the property with a local authority, a housing partner or a vetted private tenant, depending on the stock and the area. That placement risk sits with us, not with you.

What you stop paying for

Void periods. The rent continues regardless of occupancy.
Rent arrears. You are paid by us, not by the tenant.
Management fees. The figure we quote is the figure you receive.
Tenant find and re-let fees at the end of each tenancy.
Day-to-day repairs, handled by our own engineers.

What the figure depends on

Four things move the number: the postcode, the number of bedrooms, the condition and furnishing, and the length of agreement you are willing to sign. Longer agreements almost always produce a better monthly figure, because we can plan the placement with more certainty.

Guaranteed rent or managed letting?

A managed letting will usually produce a higher headline rent, but you carry the voids, the arrears and the fees. Guaranteed rent produces a slightly lower headline figure that you actually keep, every month, for years. We quote both so you can decide with the numbers in front of you rather than in the abstract.

Common questions

How long are your guaranteed rent agreements?

Typically three to five years, and up to ten years for whole blocks or portfolios. Longer terms usually attract a stronger monthly figure.

Do you take a management fee out of the guaranteed rent?

No. The figure we agree is the figure paid into your account. Management, tenant find, re-let and day-to-day maintenance costs sit with us.

What condition does the property need to be in?

It needs to be safe, compliant and in reasonable decorative order. If works are needed we will tell you exactly what they are and can often carry them out through our own teams.

Who is responsible for repairs?

We are, for day-to-day repairs and general wear. Structural items and major plant remain the owner's responsibility, as you would expect under any management agreement.

What happens at the end of the agreement?

The property is returned to you in the condition it was taken, fair wear excepted, with vacant possession and a full compliance record handed over.

Guaranteed rent for London landlords