How does it work?
We effectively become your tenant, guaranteeing you a fixed rental income, and then sub-let the property on an Assured Shorthold Tenancy (AST). You will continue to receive the agreed rent regardless of whether the property is empty, or the tenant stops paying rent, unless rendered uninhabitable. As such, it is in our interests to find the best possible tenant. We will even deal with damages at the end of the tenancy, subject to a maximum value equivalent to 6 weeks rent. Additionally, our in-house legal team will deal with any breaches of the AST at no cost to you.
How long is the contract?
It all Depends on You, At Everest we pride ourselves in having the ability to offer our clients guaranteed rent on a range of schemes that last between 3 to 5 years long.
What parts of the country do you cover?
We cover Throughout East London & Essex surrounding Areas within M25
What about the internal condition of the property?
When we sub-let the property we take the normal deposit from the tenant, which is then registered with one of the approved deposit protection services. When the tenant checks out, the deposit is used to cover the cost of any damages. We guarantee to pay you up to 1.5 times the monthly rent, subject to fair wear and tear, in respect of the condition of the property.
What are the benefits of Guaranteed Rent for landlords?
No void periods, no rent arrears, no commission, no set-up fees, no renewal fees or any other “hidden extras”. No need to deal with the tenants at all. We can be flexible with payment dates, contract lengths, and start dates.
Is it for me?
Finding the right letting service for you depends on the level of responsibility and risk you are prepared to take. Our Guaranteed Rent service best suits landlords who want the financial stability of knowing what their rental income will be each month, with the benefits of the best property management available.
Is it an insurance policy?
No. Our service provides you with Guaranteed Rent each and every month. We do not charge any premiums. If you are tempted by other Guaranteed Rent insurance or landlord insurance policies, we encourage you to read all the fine-print first.
If I let my property unfurnished, do I still need to supply and white goods?
It all depends on you, we recommend NO WHITE GOODS but however if you leave them, then we recommend you have gifted them to tenants and cannot demand a refund end of the Contract.
What do I need to do when I lease my property?
Simply call our letting team who will be pleased to arrange a no obligation property valuation. We will meet you at the property and advise you of any areas that may need addressing prior to leasing your property.
How long will the process of letting my property take?
Generally, the leasing process can be as quick as 24 hours to maximum of 3 days.
Who is responsible for the bills and council tax?
All utility bills and council tax will be transferred to the tenants by Everest Estates. During the term of the contract, the tenant will be liable for all utility bills and Council Tax.
If the property is empty, who is responsible when empty council Tax?
Everest Estates will be responsible to pay Council Tax while the property is empty and getting refurbished. Even if the bill is sent to landlord, please forward it to Everest Estates and they will pay it off on your Behalf.
How do I get paid?
All payments are made by an automated BACS system. Payment will usually take 1-2 working days to clear into your account.
Do you charge a monthly commission?
No, the rent agreed will be the rent that you receive from Everest Estates every month. We do not charge commission or a management fee.
How do I know what rent I am getting paid?
You will be advised of this prior to signing a contact. This will also be included in the landlord’s copy of the contract.
Do I receive any form of statement for the rent that I receive?
Yes, every month you will receive a payment statement via Email, which will state the amount of rent you have received during the preceding term.
Do I have to inform my mortgage company?
Yes, You will need to check with your mortgage lender whether your mortgage terms allow you to let your property, otherwise you can apply for consent to let from your mortgage lender.
What documents will I require in order for me to lease my property?
You will require the following documents to lease your property. Please use the following landlord checklist:
Copy of Passport or Driving License of Landlord
Copy of Council Tax Bill of your Current Residence
Bank Account Details for Payment
Copy of Land Registry for property
Copy of valid Electric Certificate
Copy of valid Gas Safety Check
Copy of valid Energy performance certificate
Copy of building Insurance
X3 Full Set of Keys
Remember, if you do not have a valid gas safety certificate, electric certificate, or energy performance certificate, we can arrange these for you, just ask a member of the letting team by calling 02085981234
What do I do next?
You can click here to request an appraisal of your property and we will contact you either to arrange an appointment or for more information.