At Last, A Suitable Long Lease Letting Option

Almost all landlords have to deal with the age old insecurity regarding the length of time that your tenant is going to remain in your property. If the tenant is a good tenant, then of course you want them to stay forever. If the opposite is true, you cannot wait to get them out - and then you have to cope with the void in income until you, or an agent, find a replacement. Sadly, we do not have crystal balls to foresee the future and allow us to plan accordingly, however there is a solution on the horizon.

There are a growing number of innovative property companies who are now offering landlords guaranteed net rental schemes on a long lease basis. These companies take care of finding a tenant for your property, deal with maintenance issues on your behalf and cope with all the hassle. They even pay you on time if the tenant is late with the rent or there is a void in occupancy. It all sounds like a wonderful idea, but what are the snags?

Well, none really. The difference in the gross income that you would have received and net rental on offer is accounted for in the ongoing costs of maintaining the property, charges, fees and so forth. The major difference between this scheme and anything available through a property management company is that you receive a guaranteed sum of money, irrespective of whether your property is tenanted or vacant and regardless of how many repair or maintenance costs there are. There is no contact with the tenants or worrying about ongoing expenses this is a completely hassle-free solution and a dream come true for many of us.

The fantastic benefit for landlords who have multiple properties on the market is that you can place your least cost effective properties with the company to test-drive them first, and then increase the size of your portfolio in their care to allow you more time (and often more money) to pursue other projects. There are other benefits too if you are in any of the following situations:

* If you are experiencing problems with late-paying tenants.

* If you are a location with an itinerant workforce creating voids in occupancy

* If your management company is finding more problems than you would like, or paying you later than you want.

* If the complexities of having so many properties mean that it is easier to leave some vacant than go through the grief of managing them.

These guaranteed long lease rental schemes are ideal for anybody who finds being a landlord a problem particularly accidental or reluctant landlords who have acquired their properties through inheritance and they get rid of all our insecurities about how long our tenants will stay. At last, a suitable long lease letting option!