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ADVANCED RENT OPTION (ARO)

At our discretion we offer our landlords the option of receiving up to a year’s rent in advance even where we are collecting rent from our tenant on a monthly basis. This option is, as far as we know, unique in the industry. If you are interested in the ARO then this brochure will give you more information but please ask for a personalised illustration.

We are able to offer the ARO as part of our Primary Tenancy Service. The Primary Tenancy Service gives many benefits of its own and the ARO is just one of the benefits available.

Subject to referencing we are able to offer to pay to you up to 12 months’ rent in advance, less only our standard fees and charges agreed. If you also accept Landlord Rent Guarantee we are able to guarantee that rent for up to 12 months, as long as the tenant remains in the property.

In the unlikely event that the tenant leaves during the contract period creating a void period we would relet your property and pay you up to 12 months’ rent upfront on the new tenancy, less an adjustment for the rent already paid to you. Alternatively, in these circumstances you have the option of refunding us the relevant portion of advanced rent.

Some Landlords choose this service because the upfront funds assist them with managing the mortgage payments, others want to use the lump sum to be able to expand their portfolio by looking to buy further buy to let properties and others just want to have the lump sum payment to make a larger luxury purchase. Whatever the reason provided the property and tenancy fit our criteria we can offer this service to you.

ILLUSTRATION

A simple illustration based on a £1200 per month rent for a new tenancy would be as follows:
(A fully managed property does require a £750 float for emergency works)

Rent @ £1200 per month

12months rent = £14400.00


LESS


Discounted rent (equivalent to standard fees)

£2592.00


Set up fees for new tenancy, say

£395.00


Landlord Rent Guarantee 3%

£432.00


Float for management

£750.00


NET PAYMENT AVAILABLE TO LANDLORD

£10,231.00


(ILLUSTRATION ONLY)

  

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