Advanced Rent Option

 
What Is the Advanced Rent Option ('ARO')?

What Is the Advanced Rent Option ("ARO")?

ARO is our normal quality full Management service with the additional benefit of including a year's rent upfront. ARO is available for new and existing tenancies provided the property is compliant and the tenants pass a professional referencing check.

 

The ARO 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 property. ARO offers Landlords the ultimate in terms of peace of mind, convenience and financial freedom.

 

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How It Works

As a member of the ARO network, we use their proprietary Primary Tenancy™ business model to pay you a year's rent in advance, less our standard fees and charges. The rent is then collected monthly from the tenants in the property. Practically speaking and in other respects the ARO is similar to our conventional Full Management Service.

 

Assuming there is not already a tenant in residence, we will find you a quality tenant. Prior to move in, we will ensure that the property is fully compliant and the tenant is professionally referenced and, during the tenancy we will carry out all our normal duties as your managing agent. In the case of a new tenancy, we will transfer your funds less our agreed fees once the tenant has moved in and paid their first month's rent. If you already have a tenant we will transfer your funds once we have completed our checks, established a new 12 month tenancy and received the first month's rent.

 

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How It Works

 

 

Landlord Rent Guarantee

Landlord Rent Guarantee

ARO, like any conventional full Management service, is available with or without a rent guarantee. If you choose not to have the rent guarantee and the residing tenant does not pay the full 12 month’s rent, then you would be liable to repay the balance, or, we can collect it back from a new tenant at our discretion.

 

If you choose our Landlord Rent Guarantee and the residing tenant doesn’t pay their rent, you will not be liable to repay us the amount not collected, unless the tenant leaves the property and there is a void. In this event, where the tenant leaves during the twelve month contract, we would normally re-let your property with a new ARO for the new tenancy, minus the rent portion not paid back by the previous tenant on the original ARO tenancy.

 

Alternatively, if there is rent outstanding and you decide to go in another direction with your property, you will be liable to refund the portion of outstanding advanced rent.

 

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