Landlords braced for seasonal stall

Guaranteed rental scheme Fixed Rent has reported record level of enquiries as private landlords nationwide choose a long-term guaranteed rental agreement over three-month void periods.

December is a dead month in residential lettings as tenants put off moving until the New Year. This creates an expensive problem for landlords. Many with properties vacant since the beginning of November now find themselves facing a three-month void period before the market picks-up and new tenants are secured.

As a result, landlords across the country have been looking to secure a long-term guaranteed rental agreement with Fixed Rent.

Fixed Rent offers landlords long-term rental agreements – either three or five years – which is guaranteed regardless of whether the property is tenanted or not. Fixed Rent offer a slightly lower rent than the market rate and sublet the properties for profit.

Landlords benefit from total peace-of-mind and zero hassle as Fixed Rent takes care of all day-to-day managing, marketing and maintenance of the property. November has been Fixed Rent’s busiest month since launching just over a year ago.

Fixed Rent founder Tom Nicholson said: “When the lettings market quietens, demand for our services rises. In this respect we’re a good barometer for the state of the lettings market. This month has been our busiest ever, which tells a story about what’s happening out there.”