A fixed monthly rent
Whichever type you own, the core of the arrangement does not change. The lease is with a government body, the rent is fixed for the term, the body is responsible for repairs and condition, and RentPromise manages the arrangement for you. The property type changes the detail, not the structure.
What differs by type is the surrounding detail: licensing for HMOs, freeholder consent for flats, bulk terms for blocks. Those are covered on each property type page, and we work through them with you before you agree to anything.
FAQ
Property Type Questions
Single lets, flats and apartments, HMOs, and whole blocks and developments. The government leasing arrangement is the same for all of them, and what varies is the detail such as licensing for HMOs or freeholder consent for leasehold flats. Each has its own page setting out the specifics.
Usually, yes. A lease of a leasehold flat to a government body normally needs the freeholder’s consent, and your own lease may restrict letting or subletting. We check what applies to your property and tell you before the offer stage, so nothing holds things up later.
Yes. Whole blocks and completed developments can be leased in bulk, which suits developers and institutional owners wanting a guaranteed yield from completion rather than selling or letting units individually. The blocks and developments page covers how bulk leases are structured.
If the local council classes the property as an HMO, yes, and licensing remains your responsibility as the owner. We tell you what your council requires after the survey. Room voids and communal areas are part of the arrangement, and you receive one rent for the whole property.
Find out what your property would be offered
Whatever type you own, the first step is the same. Free survey and valuation, and a written offer with no obligation.
Or call us on (612) 123 - 4456 78 to talk it through first.
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