Many landlords inform us that collecting rent and dealing with rent arrears can be very stressful. Likewise the worry can increase if tenants continue with late or non-payment of rent and what to do next with regards to eviction and legal assistance.
Our Rent Always On Time service removes the worry from renting property and provides landlords complete peace of mind by safeguarding your income.
As our customer, your rent will be paid in full on the monthly due date regardless of whether your tenant pays or not! Rent Always on Time allows you to plan your life effectively by guaranteeing your cash flow.
Rent Always on Time is available for new and existing lets for just 4% of the monthly rental cost. Please note that payment is not taken online for this item.
We will be using them on any properties that become vacant in the future.
“First time of using LetLord, fantastic service got a suitable tenant in one day, a great team, my previous agent had the property empty for 3 months, LetLord got a tenant the following day.”
Yes of course, we accept all tenancy types onto our rent collection services and also take into consideration nine different types of benefit to contribute towards the tenants income to rent ratio: This is usually 2.5 x the annual rent figure. The tenant can also have a guarantor.
Yes we can accept tenants onto our Rent Always on Time scheme who have been in arrears but as long as rent has been paid on time for the last 3 months.
Money is protected a number of ways:
Funds pass through and are held in our Natwest Client Deposit Account
All client monies are protected under the Client Money Protection Scheme.
All deposits are registered with either the Tenancy Deposit Scheme or MyDeposits.
In simple terms, the landlord will still receive their rent payment on the day they expect it due to our innovative guarantee, even if the tenant defaults. We will call the tenant if they fall in to 7 day’s arrears and issue a letter. Between 10 and 14 day’s arrears we will write again and make further calls as well as contacting the agent confirming the current value of the arrears.
Yes your sales representative will be able to go through the process with you in more detail, but this is a common option to explore for many lettings businesses or landlords with large portfolios.
LetLord reserve the right to perform due diligence on all data received from landlords.
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