The Renters’ Rights Act represents one of the biggest changes to the private rented sector in many years. With tenancies moving away from the old fixed-term structure, many landlords are understandably asking the same question:
“What happens if my tenant leaves sooner than expected?”
At Billingham & Co, we understand that certainty matters. Void periods, re-marketing costs and unexpected tenant changes can all affect a landlord’s income and peace of mind.
That is why we are introducing our 6-Month Re-Let Guarantee.
Where we let your property and the tenant does not remain in occupation for at least six months, we will re-let the property again free of charge, subject to our terms and conditions.
This means that if a tenant leaves earlier than expected, you will not have to pay our standard letting fee again for finding a replacement tenant.
The rental market is changing, and landlords need an agent who is prepared to stand behind the quality of their work.
Our focus is not simply to find any tenant. It is to find the right tenant. That means careful marketing, proper referencing, clear communication and a professional approach from the start.
The guarantee is designed to give landlords added confidence when letting their property under the new rental rules.
If the guarantee applies, we will re-market the property, conduct viewings, negotiate with applicants and progress a replacement tenancy without charging our standard letting fee again.
There may still be third-party costs, compliance costs or additional services that fall outside the guarantee, but our re-letting fee will be waived where the guarantee conditions are met.
As with any professional guarantee, certain conditions apply. For example, the guarantee will usually depend on the tenancy ending within the relevant period, the landlord continuing to instruct us, the property remaining available to let, and the landlord following our reasonable advice on rent, presentation and access.
Full terms will be confirmed at the point of instruction.
The Renters’ Rights Act is bringing a new landscape for landlords, tenants and letting agents. While the rules may be changing, our commitment remains the same: to protect our landlords’ interests, reduce risk and provide a reliable, professional service.
Our 6-Month Re-Let Guarantee is one way we are giving landlords extra reassurance in a changing market.
If you are a landlord and would like to understand how the new rules may affect your property, speak to Billingham & Co today.