LOKA PREMIUM HOLIDAY HOMES
What is Guaranteed Rent?
Are you looking for Guaranteed Rent, reliably delivered on time every month?
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Guaranteed Rent, also known as 'rent to rent,' provides landlords with a stable and risk-free rental income. This arrangement involves signing a contract with an agent, such as a property management company like Loka Premium Holiday Homes, which then sublets the property, either as a holiday let or to long-term tenants.
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Guaranteed rent agreements usually last 3 to 5 years but can be extended if both parties are satisfied a common outcome. During this time, you’ll receive fixed, regular payments, regardless of the property’s occupancy status or income generated.
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While the agreement is in effect, the guaranteed rent company handles all aspects of property management and maintenance.
WHAT ARE THE BENEFITS OF
Airbnb Management To Landlords?
Guaranteed Income
As a landlord, you receive guaranteed rent consistently and punctually every month, even if the property is vacant. You can count on getting paid on time, every time!
Local To You
Loka Premium Holiday Homes builds local teams in each location where guaranteed rent is offered and currently provides guaranteed rent services in more than 5 cities across the UK.
Longterm Contracts
Guaranteed rent contracts typically span from 3 to 5 years and can extend beyond. Loka Premium Holiday Homes fosters long-term relationships with all our landlords.
High Property Upkeep
Your property will be professionally cleaned by our dedicated team at least once a week, ensuring it is maintained to the highest standards.
No Tenant Issues
All tenant issues are handled by Loka Premium Holiday Homes. This means no stress of late-night phone calls for you as the landlord!
No Maintenance Costs
Under guaranteed rent, Loka Premium Holiday Homes is responsible for handling and covering all wear and tear maintenance issues. This means you don't have to worry about anything.
HOW DOES
Guaranteed Rent Works?
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APPLICATION OR PROPERTY APPROVAL: Once you've completed the guaranteed rent inquiry form, we will review your property/application and conduct some background research to provide you with a quick estimate of our offer.
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AGREEMENT OR VIEWING: After viewing your property, we will provide you with a revised formal offer within 24 hours, which you are free to accept or reject.
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THE TENANCY STARTS: Once the terms of the guaranteed rent agreement have been confirmed with you as the landlord, we will take responsibility for the upkeep of the property and pay the first rental installment.
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ANNUAL REVIEW: Towards the end of the contract, we will let you know if we would like to seek to extend the contract. In most cases, we will look to complete an annual review where we show our intention to extend the contract.