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The Pros and Cons of Guaranteed Rent for London Landlords

Guaranteed Rent is a type of an agreement where a company or individual such as guaranteed rent agents London take an interest in a property for a period of time, paying a fixed rental amount to the owner. The owner or landlord provides their consent for the renter to let the property out to other tenants, who become legally liable for the rent. A landlords guaranteed rent scheme in London is, simply put, a way of subletting a property. In this case landlords, rather than being responsible for finding tenants themselves, managing the property, and collecting rental payments, will pass over this responsibility to the renter. The renter can then set their own rental prices for tenants, find and house tenants in the property, and will be responsible for property letting while the landlord get rent paid a set rental amount by the renter.