J M A provides a quality full management service with the additional benefit of including 12 months of rent upfront and a landlord rent guarantee which is available for new and existing tenancies provided the property is compliant and the tenants pass a professional referencing check.
Advanced rent option is changing the way investors and landlords are looking at their investments and is a huge game changer for anyone with a buy-to-let or rent-to-rent property. J M A offers Landlords the ultimate in terms of peace of mind, convenience, and financial freedom.
Book an appointment with us to explore further
The service includes a Landlord Rent Guarantee, so if the residing tenant doesn’t pay their rent you will not be liable to repay the amount not collected unless the tenant leaves the property and there is a void.
Like other landlord rent guarantees on the market, the service doesn’t cover voids. In this event, where the tenant leaves during the twelve-month contract, we would normally re-let your property with a new tenancy, minus the rent portion not paid back by the previous tenant.
During the time in which we are finding you a new tenant, the tenancy is put on pause, so you won’t be asked to payback the outstanding funds, as they will be collected from the replacement tenant on the new tenancy
You can switch to receiving your rent monthly instead of upfront if you wish, as soon as the remaining funds have been collected.
Alternatively, if there is rent outstanding and you decide to go in another direction (e.g. sell), you will be liable to refund the portion of outstanding advanced rent.
ILLUSTRATION
For example purpose only, costs may vary
LESS - Set-Up Fees for New Tenancy (Approx.): £395.00
LESS - Management cost and Landlord Rent Guarantee: £3,456.00
LESS - Maintenance Float for Management: £250.00
NET PAYMENT AVAILABLE TO LANDLORD: £10,299.00
Note: A maintenance float between £250-£750 is required to be held on account for tenancies in case of emergency maintenance works.
Robert W
We decided to go for advanced rent as it gave us a lot more peace of mind to get our rent up front for the year rather than monthly.
Lauren E
I used the cash from the advanced rent to pay off my credit card bill and cover some refurbishment costs on my new house.
Chris H
I used the upfront money from the advanced rent as a deposit for my next buy-to-let property in Manchester.
Emily A
When we heard about Advanced rent we liked it but first, we asked several agents if they did something similar and no one did, it really is a unique offer and so useful
Copyright 2024 J M A Group | All rights reserved.