WHAT IS RENT TO RENT?

The rent to rent scheme seems very complicated but it’s actually very simple. NOVA sign’s an agreement to rent a property and pay the owner or letting agent a guaranteed rent usually for a term of three to five years. Additionally, we take on the payment of bills and running cost of the property. The quality of the property is brought to a certain standard before we then rent it out to tenants for a higher rent than what is paid to the landlord or letting agent. The difference between the rent we receive from tenants and the rent we pay the landlord or letting agent after taking out property bills and running costs is the profit that we make for the business.

BENEFITS TO LANDLORDS

If you are interested in rent to rent then call us to discuss how NOVA Property Limited can help you and enjoys the following benefits:

• Receive guaranteed rent every month with no void periods for up to five years.
• Get paid for full occupancy and not worry about non-paying tenants.
• Your property will be brought up to and maintained at a very high standard.
• No more worry about paying utilities, council tax, boiler insurance, etc
• Give up the day-to-day landlord responsibilities, such as dealing with agents, looking for tenant’s, fixing leaking taps, clogged toilets etc.

BENEFITS TO AGENTS

Most agents are too busy deal with house-shares that are rented by the room. This is where NOVA comes in, we are relocation agents that specialise in letting houses to Professional and Corporate tenants from local businesses and companies along with the universities and hospitals. The tangible benefits to the progressive letting agent are numerous:

• You will get the tenant find fee from the landlord.
• You continue to get the management fee from the landlord (if the property is currently fully managed by you)
• You are not required to undertake any work, repairs or maintenance of the property. Just pass the guaranteed rent to the landlord.
• We would take care of the property and be responsible for rent collection from our tenants along with taking care of any maintenance and tenant issues
• As a letting agent simply find us a suitable property and then collect your commission for the next 5 years with little effort on your part.