Guaranteed Rent for Landlords
Are you a private landlord looking to let your property? Our rent guarantee scheme for landlords is backed by an exclusive service promise. So you can be certain your property will be in the safest hands.
At City Borough Housing, we offer guaranteed rent for landlords who are looking to take the uncertainty out of the lettings process. Not only do we guarantee rental payments every month, we also take the pressure off landlords by providing a professional property management service, at no extra cost.
Why choose the City Borough Housing rent guarantee for landlords?
There is a fair amount of choice when it comes to guaranteed rent schemes for landlords. But not all of them come with a service promise backed by a team of friendly property professionals, all dedicated to supporting you from day one.
Your property is your most valuable asset and, as experienced property professionals, we know how to take care of it. From dealing swiftly with tenant queries and repair requests, to organising quarterly property inspections to keep a close eye on things, we’ve got everything covered. Plus we guarantee you’ll get your property back in its pre-let condition at the end of our agreement, allowing for fair wear and tear. It’s all part of our leading rent guarantee scheme for landlords.
Local Market & Industry Knowledge
Our industry expertise and local property market knowledge allow our landlords to enjoy excellent yields, and maximised rental income.
Exclusive Service Promise
Our friendly team is focused on providing you with a bespoke, customer-focused service, taking care of you, and your property, from day one.
Fee-Free Property Management
From sourcing tenants to regular inspections, day-to-day tenancy management, and repairs and maintenance, everything’s included.
Is all it takes to start enjoying guaranteed rent and peace of mind.
Enjoy fee-free management & guaranteed rent for at least 3 years.
No management fees, no hidden charges. Just the best possible yield.
What our clients say
Our latest success stories
landlord in Catford, London
“City Borough Housing are fantastic to work with. They are efficient and always helpful. If there is an issue, then you can work through the problem together in a mutual way to always come out to a positive outcome. A special mention to Jan who is always a pleasure to work with. I cannot recommend them high enough.”
landlord in Medway, Kent
“I have worked with City Borough Housing for over two years. During this time, I have found the service provided by City Borough Housing to be professional in all my dealings with them. I will like to express my gratitude to Jan and her team for the excellent manner with which they have dealt with all my enquires relating to my properties. Issues are dealt with swiftly and on time. She is very courteous, efficient and attention to details in all my communication with her. All payments are on time every month.”
landlord in Catford, London
“City Borough has provided me with a professional services and I will not hesitate to recommend them anytime.”
How it works
We’ve made it a breeze to get started letting your property through City Borough Housing and enjoying guaranteed rent for at least three years. Here’s how it works.
All we need is your property’s postcode and number of bedrooms. We’ll make you an instant, fair rental offer that includes guaranteed rent payments, full property management, and repairs and maintenance for the duration of the agreement, as well as a promise to return your property in its pre-let condition, less fair wear and tear.
We’ll inspect your property and let you know what’s needed to get it rental ready and safe for tenants. Compliance documents such as an Energy Performance Certificate, Landlord Gas Safety Report and Electrical Installation Condition Report will be requested, as well as any others that may be required.
Terms & Handover
Within 48 hours, providing your property meets our compliance requirements, we’ll agree contract terms based on a flexible lease period of 3-7 years. Your guaranteed rental payments begin from the contract date, and then it’s over to us to source tenants and manage the tenancy for the duration of our agreement.
Peace of Mind
Your property is safe with us. Now it’s time for you to become a hands-off landlord, free from the stress of day-to-day tenant management, the worry of rent collection and void periods, the expense of agency fees and maintenance and repairs, and the expense of returning your property to its pre-let condition.
The rent guarantee scheme for landlords involves you letting your property to City Borough Housing. We effectively become your tenant, and we guarantee your rent for an agreed period, usually 3-7 years. Your rent is paid monthly by standing order for the duration of the agreement, even if the property is untenanted.
We then let your property through our trusted network of local authorities and housing associations, using our experience to source and vet tenants who we believe are the best match for your accommodation.
For the entire duration of our agreement, we’ll take care of every aspect of the tenancy, including dealing with tenant queries, organising maintenance and repairs, carrying out quarterly property inspections and paying your rent every month. At the end of the agreement, we will return your property to you in the same condition it was when we took it on, allowing for fair wear and tear.
Guaranteed rent schemes for landlords allow you to take a back seat with your buy-to-let investment. With City Borough Housing managing your property, for at least three years, you won’t have to deal with tenants, deal with or pay for everyday maintenance and repairs, or chase rental payments.
Rent guarantee insurance is a type of landlord insurance provided by specialist insurance companies. It covers landlords for rental income if tenants fail to pay. Some landlord insurance policies include such cover, but most will charge an additional premium for it.
Loss of rent cover is something different altogether. This type of insurance covers landlords in situations where a property cannot be let due to damage covered on a buildings insurance policy, such as fire or flood.
Neither of these policies are the same as guaranteed rent schemes for landlords. To claim on a rent guarantee insurance policy, you would usually have to wait until the tenants are behind on payments by a month, and then you will normally only be covered for up to 12 months. Often there is a claims limit, which may not cover the rent that you would usually be charging. There is also sometimes an excess to pay, and other limitations and conditions that need to be met.
A rent guarantee scheme for landlords, on the other hand, offers a simple assurance that rent will be paid every month by standing order for the entire duration of the agreement. Even if the property is untenanted, the payments will continue.
Following your rental valuation, we’ll inspect your property to identify any snagging that needs to be addressed to make the property safe and habitable. We’ll also ask you for a number of compliance documents, such as an Energy Performance Certificate (EPC), a Landlord Gas Safety Record (LGSR), and an Electrical Installation Condition Report (EICR). Other documents may be required. If they are, we’ll let you know.
From inspecting your property to make sure everything is in place from a safety and compliance viewpoint, to agreeing terms and signing the rent guarantee agreement, can take as little as 48 hours.
At City Borough Housing, we primarily cover South West London, South East London, and East London. We also cover parts of Kent close to London, such as Dartford and Gravesend, and parts of Surrey, again those which are close to London. To check whether we have demand for properties in your area, please get in touch with our team.
Our guaranteed rent for landlords is suitable for private residential landlords, residential buy-to-let portfolio holders, and private developers.
Our main demand from our local authority and housing association contacts is 1-4 bedroomed self-contained properties. We are, from time to time, asked for other types of accommodation. If you would like to check whether your property is suitable, please get in touch with our team.
For the duration of our agreement, we will cover day-to-day repairs as reported by the tenants or identified during our quarterly property inspections. This will include the likes of leaks, tripped electrics, lock malfunctions, general maintenance tasks and much more. External repairs, such as fencing and roofing, remain the responsibility of the landlord.
We make a commitment to all our landlords that we will take care of their rental properties in the same way we would our own. We carry out thorough quarterly inspections of every property we manage. These allow us to keep a close eye on the condition of the property, ensure that the tenant is complying with the terms of the lease, and identify and resolve any developing issues before they turn into major problems.
Fair wear and tear is the degradation, over time, of the fixtures, fittings and furniture within a property. Factors such as the duration of the tenancy, the type and number of tenants and the quality of the property and its fixtures and fittings will all influence fair wear and tear.
Wear and tear should not be confused with damage and negligence. Typical examples of wear and tear include small scuffs or marks on walls or hard flooring; small marks, frays or stains on carpets or furniture; faded or cracked paintwork; loose handles or hinges on doors or windows; faded upholstery or curtains, and loose or tight taps.