What is the Guaranteed Rental Scheme?
The Guaranteed Rental Scheme from Orchard & Shipman guarantees fixed rental income for landlords. Our local authority clients will nominate a suitable tenant to occupy your rental property, with a skilled team of property managers to oversee the entire lettings and management process.
How does the scheme work?
The service includes ongoing tenant care, void periods, repair and maintenance to ensure that your property is carefully and professionally managed.
There are several steps involved in the Guaranteed Rental Scheme:
1. Consultation and Valuation
Initially, Orchard & Shipman lettings experts will arrange a visit to your property for a thorough valuation and walkthrough of our service. This will provide you with all the information you’ll need to join the scheme.
2. Services Built to Suit You
You’re able to plan ahead and choose a service package to suit you, including fine-tuning the terms of the lease and rental payments to fit your rental and financial requirements. This will give you peace of mind with the knowledge that your service is specifically tailored to your needs as a landlord.
3. Property Inspection
Should there be any works required for the property to be eligible for the scheme, we will outline our necessary standards following a property inspection. We aim to be thorough, transparent, and professional throughout this whole process to provide you with the best possible service.
4. Legislation and Paperwork
You will need to provide all the required legal safety paperwork and certifications for your property, and agree to our terms of business; following this, we will set a start date for the tenancy that suits you.
5. Tenant Selection
Orchard & Shipman’s skilled property managers will secure a suitable tenant for your property from our local council partners, as well as arrange all the necessary move-in paperwork and administration. This removes the hassle from your busy work schedule and lets us handle the details.
6. Ongoing Tenancy Management
Your assigned property manager will manage the tenancy on an ongoing basis and act as your main point of contact throughout the term of your agreement with us. You will receive a high standard of professional management throughout your term with us.
7. Guaranteed Fixed, Regular Rental Income
You will receive your rental income regularly each month, with payment guaranteed whether or not a tenant occupies the property. Take the risk out of letting homes with our Guaranteed Rental Scheme and avoid costly void periods.
What are the benefits of the Guaranteed Rental Scheme?
There are several benefits of using the Guaranteed Rental Scheme, bringing you a fixed income and peace of mind.
No management fees or set-up costs
Ongoing management is included within the cost of the scheme agreement, with no hidden fees or initial set-up costs.
Guaranteed rent for up to 5 years
We offer flexible long-term leases of 3, 5, or 10 years, and can guarantee rental income for up to 5 years.
End-to-end support, advice, and property and tenancy management
Property and tenancy management such as viewing and tenancy agreements are all handled by us, freeing up your time and resources.
You will receive end-to-end support and advice for yourself as the landlord as well as for your tenants.
Dedicated maintenance and management services
Included within the scheme is professional, dedicated maintenance and management services to support your property and tenants.
Even when your property is unoccupied, you won’t experience any costly void periods due to guaranteed fixed income. There is also no risk of tenant rent arrears or legal eviction costs, bringing you peace of mind and better financial stability.