All Collections
FAQ
Guaranteed Rent
Does the Guaranteed Rent cover property maintenance and other running costs?
Does the Guaranteed Rent cover property maintenance and other running costs?
C
Written by Chioma Boms
Updated over a week ago

For Buy2Let outright purchase, owners can subscribe to a 25% flat charge, to be deducted from the guaranteed rent, or owners can choose to bear maintenance and other associated running costs by themselves and we only deduct 10% for property letting and management fees.

For Buy2Let Financing purchase, if the property is generating enough cash flow to cover, first, the 10% letting and management fee, second, monthly payback in full, and still has a surplus net of 15%, the surplus can be used to cover the property running cost. If the surplus is short of 15%, owners will be required to bear the running costs out of pocket. If the surplus is above 15%, the balance is credited to the owner.

Did this answer your question?