Our Guaranteed Rent service means your rent is paid on time, every single month ✓
Guaranteed Rent can be a life-saver for landlords. One of the biggest problems of being a landlord is that it’s virtually impossible to find a tenant that is guaranteed to always pay rent on time every month.
Do you have a property in Coventry, Leamington Spa or Warwickshire?
Our enhanced Guaranteed Rent service offers you:
✓ Guarantee Rent paid on time, every single month
✓ Rent Guarantee protection (up to £2500 per month)
✓ Access to free specialist advice on late rents
✓ Hassle free claims handled on your behalf
✓ Free rental advice from a professional
✓ Monthly account statements
✓ Deposit protected via DPS
✓ Comprehensive full tenant referencing
Offering peace of mind for busy landlords
From our experience, a small percentage of landlords don’t opt for Guaranted Rent, and it’s usually because of the following reasons:
✓ Because the tenant’s they’ve chose don’t meet their requirements e.g. If you haven’t conducted efficient tenant referencing and credit checks
✓ They don’t want to pay extra for this service
✓ They don’t know much or anything about the policy
✓ They’re willing to take a chance with their tenant
✓ They have good tenants
Say goodbye to void periods and contact our team today
With more and more Brits wanting to move to Spain, here are a few things you may want to know
Moving to Spain can be an exciting thought but there are numerous things you should be prepared for. Spain continues to be one of the most attractive European destinations for British families and retirees.
According to government figures, 69% of British citizens living in the EU live in Spain (37%).
Home ownership is 78% in Spain, higher than in the UK and well above the average across the EU. A large proportion of Spanish property is owned by foreign investors and this includes British expats, drawn by low interest rates in the coastal regions.
There are many positives about moving to Spain, including:
1. Competitively priced villa’s and apartments
2. The warm Mediterranean climate
3. Relaxation and slower pace of life
4. Lower cost of living compared with most of the UK
5. Eating out is cheaper
For those relocating to Spain from the UK and looking to rent, the rental market is very similar. Rental agreements in Spain don’t legally have to be put into writing but it is always advisable to do so.
Short term contracts (contrato de arrendamiento de temporada ), which can run up to a year, generally have less legal protections than longer-term contracts (arriendo de vivienda).
A three bedroomed studio apartment in the capital of Madrid will cost you in the region of €1578 (£1378) in the city centre.
A similar-sized apartment in the heart of Barcelona will set you back around £1495 (£1306) with prices declining the further outside of the city centre you venture.
Searches for gardens on the rise for those wanting to buy and rent
We are seeing a huge trend in both the sales and rental sector with more and more people wanting an outdoors space they can enjoy. When putting your property on the market we advise to cut your lawn, trim those hedges and prune those flowers so we can show off your garden for both marketing photos and videos.
Pictures of the kitchen had previously been considered key to attracting the attention of browsers however this has now been followed with a rise in people specifically asking about garden spaces.
Lockdown has definitely changed the priorities of buyers and renters, many of whom have been working from home, research by property portal Rightmove suggests.
What are the top 5 search priorities?
The below statistics have been sourced from Rightmove showing what people now want in their next property.
1. Access to a garden
2. A bigger home
3. Access to a garage
4. A better home workspace
5. A property closer to nearby parks
At present, interest in property is high in some areas. Lockdown break-ups, job losses and urgent relocations are thought to have led to a surge in the rental sector.
Landlords must ensure that every electrical installation at the property is inspected and tested. These tests must be carried out at least every five years by a qualified and competent person.
As a landlord you must provide a copy of the electrical safety report to tenants, managing agents, and to their local authority if requested.
Who do I need to give copies of the EICR to?
The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 set out a number of different requirements around providing copies of the EICR to relevant people:
1. The EICR must be given to all of the tenants before they occupy the property.
2. When you replace the EICR you must provide them with a copy of the new report within 28 days of the inspection.
3. If a tenant requests a copy of the EICR in writing, you must also provide them with one within 28 days.
4. Where the local authority requests the EICR you must provide them with a copy of it within seven days or face potential penalties.
5. Any prospective tenants who request a copy in writing must be provided one within 28 days.
If an inspection took place and a satisfactory report was issued before the 18th edition of the Wiring Regulations came into force, but less than 5 years ago, will a landlord always need to have the property inspected again as soon as the Electrical Safety Regulations come into force?
What about HMO’s?
With HMOs, the guidance makes it clear that if an HMO is a tenant’s only or main residence and they pay rent, then these Regulations apply to the HMO.
HMOs with 5 or more tenants are licensable. The Housing Act 2004 has been amended by these Regulations to require a new mandatory condition in HMO licences ensuring that every electrical installation in the HMO is in proper working order and safe for continued use. See guidance on HMO licences.
What Our Customers Have Said...
Amazing service and available 24-7. Our dedicated agent was a great help when selling our home, the whole process was explained thoroughly and he ensured our home went on the market the same day. The photographs and description for the advert were perfect and he went above and beyond to help us. Thanks once again!
Emma Davies – United Kingdom
I found a buy-to-let investment with Prominence property sourcing. I find it difficult to speak English but the agent was very helpful and full of knowledge. He helped me to buy a block of flats and arranged a meeting with the mortgage advisor who was great. I am now looking to invest more into the UK with Prominence.
Ahmed Mohamed– United Arab Emirates
Sold my property within 5 days! What more can I say.. Our local expert explained everything in detail and answered every single question promptly. For £895 the level of service was outstanding. I couldn’t be happier and wouldn’t hesitate using them again.
Mark Edwards– United Kingdom
I have a huge portfolio of over 60 investment properties worldwide, purchasing properties in China, US and now also the UK. I have already purchased 5 investment properties with Prominence and they have also helped with my first ever UK development of building 50 flats. Prominence property sourcing is a great for investors looking for secure investments. Xièxie (Thank you)
Liang Zhao– China
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