With the continuous recent changes in legislation regarding evictions, it can be confusing and stressful for landlords to know what they can do if they have tenants with long standing arrears.
Even if there may be a clear path to follow for landlords in how to reach the final resolution, the time spent and the missed income from the property can put the landlord in their own situation of mortgage arrears, creating a ripple effect down the line.
This is a prime reason why the Guaranteed Rent option that is offered by our parent company of Luxe Lets, is a perfect stress free option for landlords far and wide. Through this opportunity, landlords can sleep peacefully in the knowledge that they will receive their rent regardless of the situation of their tenants, as we will absorbing the risk and paying the rent every month regardless.
If you’re a landlord and you’d like to find out more about this option, then please either let us directly via our Luxe Lets website, or contact us via Open House.