Guaranteed Rent Scheme Bromley

With our guaranteed rent scheme you will effectively be renting your property to City Borough Housing. We will become your tenant, paying your rent on a monthly basis the whole time our agreement is in place, which could be anything between three and seven years. We’ll even pay you during void periods, or when tenants aren’t paying their rent.

We rent your property through our close network of registered housing providers and local authorities across Bromley. We’ll handle everything, from everyday maintenance and repairs to tenant queries. Quarterly property inspections also come as standard, allowing us to check that your property is being looked after as it should be.

At the end of the agreement, we’ll return your property to you in the same condition it was at the start, taking fair wear and tear into account.

With City Borough Housing’s guaranteed rent scheme, Bromley landlords can take a hands-off role with their buy-to-let investment. For at least three years, you can say goodbye to 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 Bromley landlords receive 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 Bromley guaranteed rent scheme covers the costs of professional property management, everyday repairs and maintenance, quarterly inspections and returning the property in its pre-let condition at the end of the agreement, makes it exceptional value.

We are looking for properties from private residential landlords and developers. Normally our need is for 1-4 bedroomed homes that are self-contained, although from time to time 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 is complete and everything is in place in terms of safety and compliance, we can then agree terms and get the Bromley guaranteed rent scheme agreement signed. This can take as little as 48 hours.