© 2010 Brookdale
“Quality Property Management Begins With A Quality Tenant”
Members of the National Landlord’s Association
Members of the DPS protecting Tenant deposits
© 2010
Most agents, when asked the question, “Do you offer a rent guarantee” answer “Yes”.
The reality is that other agents actually sell you an insurance policy so a third party will be responsible for covering the rent in the event that the Tenant(s) does not pay. We have researched such insurance policies over many years and have never found one which will pay the first month’s rental loss so we have never sold them. What’s the point if the first month’s lost rent is treated as some kind of “excess”? Also - you want your rent immediately.
The way our scheme works is we add 2% to your monthly commission rate. Our Landlords are effectively then creating a fund which will then be drawn on should your Tenant default. Simple. Guaranteed.
We pride ourselves at Brookdale for being different in many aspects including Tenant selection criteria, property management, marketing and a host of other things.
Our rent guarantee is no exception to the rule as, unlike other agents rent “guarantee” ours is NOT an insurance policy which letting agents sell to you to earn commission. Ours is exactly what it says - a GUARANTEE. We believe the scheme is unique.
Rent Guarantee: The Difference
- No loss of first month’s rent - I.e. No “excess”
- No claim form to fill in
- Immediate payment of any lost rent - I.e. As though the Tenant has paid it to us as normal
- Immediate payment even if your Tenant is late paying the rent
- No risk of compromised Tenant selection criteria. It is us who are guaranteeing your rent so you can be sure that our well known strict Tenant selection criteria will always apply
- 100% financial security - never miss a mortgage payment if your Tenant is in difficulty
- As we guarantee the rent during tenancies and not between tenancies - we pay full market rent unlike some agents who pay less
- Absolutely no worrying about payments if you receive a letter from us stating that your Tenant has been made redundant, become ill, separated etc.
- Remove the risks of rental loss (especially during a recession)
RELAX !
Your rent is Guaranteed with Brookdale.
“I received my guarantee contract and immediately started looking for the ‘exclusions’ section. It wasn’t there! It seems this really is what it says....a guarantee” Mrs J - Landlady, May 2010.
