Guaranteed Rent Scheme Bexley

With our guaranteed rent scheme, Bexley landlords are effectively renting to City Borough Housing. We will become your tenant, paying you a monthly rent for the duration of our agreement, which could be anything between three and seven years. We’ll even pay you between tenants, or when tenants aren’t paying their rent.

We rent your property through our network of registered housing providers and local authorities across Bexley. We manage everything, from day-to-day maintenance and repairs to calls from tenants. Property inspections also come as standard every quarter, allowing us to keep a close eye on whether your property is being cared for as it should be.

When the agreement concludes, we’ll hand your property back to you in the same condition it was at the start, taking fair wear and tear into account. So you won’t have to pay for any renovation costs.

With City Borough Housing’s guaranteed rent scheme, Bexley landlords can take a back seat role with their buy-to-let investment. For three years minimum, you can forget about tenant queries, everyday maintenance and repair requests and costs, and chasing rental payments every month.

For as long as our agreement lasts, we will take responsibility for all day-to-day repairs as reported by the tenants or identified during our quarterly property inspections.

Included are things such as tripped electrics, leaks, broken locks and general maintenance. Outdoor repairs, however, are not included. So anything to do with roofing, fencing or exterior walls, for example, will remain your responsibility.

All our Bexley landlords enjoy a fair rental value based on the type of property, its size and location.

Whilst this may not be full market value, the fact that our Bexley guaranteed rent scheme includes professional property management, everyday repairs and maintenance, quarterly inspections and returning the property in its pre-let condition at the end of the agreement, means it is top value.

We are interested in taking on properties from private residential landlords and developers. Usually our requirement is for 1-4 bedroomed homes that are self-contained, although every so often we may have a requirement for other types of properties.

Once your rental valuation has been issued, we’ll inspect your property to check whether there is anything to deal with so that the property is safe and habitable.

You will also need to provide us with a number of compliance documents. These will include, for example, an Energy Performance Certificate (EPC), a Landlord Gas Safety Record (LGSR), and an Electrical Installation Condition Report (EICR). Other documents may also be required. If they are, we’ll let you know.

Once the property inspection has been finalised and everything is ready concerning safety and compliance, we can then agree terms and get the Bexley guaranteed rent scheme agreement signed. This can take as little as 48 hours.