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Long Term Guaranteed Rental Agreements

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Long term rental agreements are a great way of guaranteeing income from your property, whether it is occupied or not.

A long term rental agreement from Luxury Hub means that we will take a lease for your property and guarantee to pay a fixed rent to the landlord. As a landlord, you will give consent and Luxury Hub is legally bound to pay all rental payments, whether the property is occupied or not. You can enjoy complete security and peace of mind, knowing there will be no voids and Luxury Hub is responsible for all agreed costs.

Long term rental agreements
rent to rent agreement

A rent to rent agreement is where an individual or company rents a property from the “landlord’ (property owner), effectively taking control of the property and then acting as an ‘agent landlord’ by renting it out to a sub tenant. In return the (property owner) landlord receives a fixed guaranteed rent. The landlord must give his consent to the agent landlord, and the agent landlord is legally bound to pay the rent. The ‘agent landlord’ then lets and manages the property, or rooms in a property.

The key differences to be aware of between these two agreements are:

  1. Long term rental agreements are with a company who rents the property tthemselves and does NOT sublet.
  2. A rent to rent agreement , is where a “landlord agent” will sublet the property and becomes the tenant responsible for the rent, and they are authorised to sublet the property to other properties.

At Luxury Hub, we can offer both types of rental agreements and ensures that the property is correctly used. These are great options for landlords who want a hands-off investment with regular guaranteed rental income

Why Long Term Rental Agreements?

Higher quality tenants

Guaranteed rent

Rental income and start date of the contract are guaranteed. The rent for the length of the tenancy is also guaranteed to you, so there is no risk of costly void periods.

Less chance of void periods

No costly void periods

The rent is guaranteed regardless of if the property is let or not. There are no empty void periods for the property.

No more stress for you

No Miss Rent Payments

No more missed rent payments or late payments. The tenant is legally bound to pay due to the commercial contract.

Marketing your room

No tenant queries

With long term rental agreements, there are no tenant queries or management issues for you to deal with, everything is managed by Luxury Hub.

Marketing your room

Fixed rent payment dates

Same day rent payments each month to allow you to budget cashflow and mortgage payments.

Higher quality tenants

Long term rental agreements

Contracts are longer than standard rental agreements, with anything from 3+ years available.

Higher quality tenants

Guaranteed rent

Rental income and start date of the contract are guaranteed. The rent for the length of the tenancy is also guaranteed to you, so there is no risk of costly void periods.

Less chance of void periods

No costly void periods

The rent is guaranteed regardless of if the property is let or not. There are no empty void periods for the property.

No more stress for you

No Miss Rent Payments

No more missed rent payments or late payments. The tenant is legally bound to pay due to the commercial contract.

Marketing your room

No tenant queries

With long term rental agreements, there are no tenant queries or management issues for you to deal with, everything is managed by Luxury Hub.

Marketing your room

Fixed rent payment dates

Same day rent payments each month to allow you to budget cashflow and mortgage payments.

Higher quality tenants

Long term rental agreements

Contracts are longer than standard rental agreements, with anything from 3+ years available.

Less chance of void periods

Condition guarantee

The tenant will guarantee the condition of the property on return, and is responsible for agreed maintenance costs, which Luxury Hub identifies and ensures is maintained correctly.

No more stress for you

Worry-free tenancy management

Luxury Hub monitors and ensures all problems are taken care of and makes sure the property is used correctly.

Marketing your room

No more costly maintenance

There are no unknown costs for maintenance because the costs are agreed in the contract, and Luxury Hub monitors and ensures all contracts are adhered to.

Our Property Management Process

Step 1

01

On boarding meeting

Book a meeting with our specialists to discuss your requirements and the rent you can expect to achieve. We tailor our services to meet your requirements, so this is the stage where we really want to get to know you.

On boarding meeting
Sign Your Personalised Management Agreement

Step 2

02

Sign Your Personalised Management Agreement

After your on boarding meeting, we will make sure the property management agreement is tailored to meet your needs. At this stage, you will sign up for Luxury Hub as your property management agents.

Step 3

03

Property preparation and marketing

We will request all your property information to ensure it meets your legal obligations as a landlord, including the information you must provide to your tenants. Our team will make sure your property is presented in the best possible light and will ensure marketing of your property on our website, social media and all main property search portals.

Property preparation and marketing
Exchange Completion

Step 4

04

High quality professional tenants found

We make sure to vet and find the best professional tenants for your property, and we will be in charge of doing the viewings, contracts and referencing for you.

Step 5

05

Pounds in your pocket

We will ensure your first month’s rent is paid to you promptly. Our team will arrange a suitable move in date for you and your tenant in advance, and provide you with your tenants information.

Pounds in your pocket
Regular inspections of the property

Step 6

06

Regular inspections of the property

With our property management services, we will conduct regular visits to ensure that your property is kept in good condition and there are no issues for you to be aware of.

Our Latest Offers

Less chance of void periods

Guarantee Your Rent

We currently have guaranteed rental agreement companies fully reference and reputable rent to rent “agent landlords” who will guarantee your rent for 3 to 5 years

No more stress for you

Property Management Discount

We are now offering a discount if you buy a property management contract online today.
Our fully managed service for single lets is priced at 12% and will be discounted to 8%
Our fully managed service for HMO’s is priced at 15% and will be discounted to 10%

No more stress for you

Refer and Earn

Refer a landlord to luxury Hub and we will reward you with a £100 Amazon voucher when they sign up or we will donate £100 to our partner charity group, Brew Power, on your behalf

“Luxury Hub have let my property on a rent to rent guaranteed contract and let my property for 3 years, since December 2020 and have ensured the rent is paid on time

Abid Khan, Acrington

‘I have had a rent to rent tenant since August 2017 and the property has been well managed, and I have not had to deal with maintenance issues

Mohamed Ashraf, Cheadle

Luxury Hub let my property on a guaranteed company let, for 2 years to ensure there was a steady regular income and no maintenance issues

Alex Dymock, Fund Farm

Luxury Hub

Frequently Asked Questions

Who would my tenants be in a long term rental agreement?

Luxury Hub will find professional tenants who meet your requirements perfectly. They would be fully referenced, and credit checked, and most long term rental agreement tenants are companies seeking to house their employees working in the local area. Luxury Hub works with many companies on this basis.

How will I receive rent?

Rent will be paid via direct debit to your bank account every month.

What are the advantages of choosing long term rental agreements rather than a traditional letting agent to rent out my property ?

With a long term rental agreement, your rental income is guaranteed monthly regardless of the property occupancy (whether there’s problems with ongoing tenants paying the rent or if the property is empty for a period of time for example).

The tenant would generally also take care of any damage to the property as it is their responsibility to return the property back to the landlord in the same condition as when they took it. This all gives the landlord complete peace of mind. The landlord can also request a longer contract, being anything from 1 to 5 years.

What’s the difference between a long term rental agreement to a company and a rent to rent agreement?

The key difference is that with a rent to rent agreement, the tenant is referred to as the “agent landlord” and is authorised by the landlord to sub let the property.

With a long term rental agreement, the company let is a company housing their staff in the property, not subletting it.

Is it legal for the “agent landlord” to sublet the property?

Rent to rent is legal when it’s done with the full knowledge and consent of the owner and when the correct commercial contracts and other compliances requirements are in place. Luxury Hub ensures all compliance and contracts are in place to protect the landlord.

There are several ways to legally sublet a property, usually involving commercial or corporate tenancies, management agreements, and leases or guaranteed rent schemes, that’s where we come in to action to provide guidance and advice from our experts.

What are the benefits of a rent to rent agreement?

As the “agent landlord” has taken a lease of the property they become the acting landlord. This gives them the opportunity to find tenants for the property and they get to keep whatever rent the tenants pay. They generally allow more flexible arrangements with the tenants. For example, properties with multiple rooms can accommodate single tenants who rent a room with some shared areas or facilities. Luxury Hub always ensures that the “agent landlord’ is fully compliant with all rental rules and regulations.

What legal issues should the parties consider in a rent to rent agreement?

The agreement between the landlord and the “agent landlord” is of a commercial nature. So, they should enter into a lease of the property for the period of time the “agent landlord” is going to pay the Guaranteed Rent.

Also, the parties should have clear and unambiguous terms of business regarding the exact amount the “agent landlord” is due to pay and what they are responsible for in terms of management of the property and ensuring that the landlord’s property complies with property renting legislations.

Is rent to rent the same as normal property letting?

No, but although the rent to rent model does not fit the traditional definition of lettings, the letting agent does have a relationship with both the landlord and the “agent landlord”’. Luxury Hub helps find the tenants for the property for the “agent landlord” and they generally monitor that the “agent landlord” undertakes property maintenance and agreed repairs on behalf of the landlord. For all these reasons the work they do is very closely linked to the definitions of both lettings and property management work, so we recommend that all guaranteed rent operators join a consumer redress scheme.

What is a redress scheme? Why is it important to have redress?

It is a scheme where the landlord and “agent landlord” joins and any complaints are managed by an independent body.

Both the landlords and the” landlord agent” are consumers as the “agent landlord” is subletting and offering a service. If there is a dispute regarding the terms or the service provided, then both parties can escalate the concerns to an independent body. The independent body will provide them peace of mind dealing with letting the property correctly and professionally. Luxury Hub will ensure both parties are a member of a redress scheme and is a member of several schemes.

What are the legal points to consider on a rent to rent?

With long term rental agreements and rent to rent, you should consider:

  1. Is the property a single let or a house in multiple occupation (HMO)?
  2. Have all parties (landlord and “agent landlord”) joined a property redress scheme?
  3. Does the property have all licences in place for renting?
  4. Does the landlord’s mortgage allow this type of arrangement?
  5. Does the landlord have the correct insurance?
  6. Is the property leasehold?
  7. Will a deposit be taken?
  8. Is the letting agent also a member of a property redress scheme?
  9. Does the agent have the correct professional Indemnity Insurance?

Luxury Hub manages all compliance issues to protect the landlord and all legal considerations and is a member of a property redress scheme, and has all the required indemnity insurance in place.