7 Years Guaranteed Rent

7 YEARS
GUARANTEED
RENT
7 YEARS GUARANTEED RENT
“ WOW!! Did I just hear you correctly? 7 Abi secured 7 years Guaranteed rent AND a
sale price of £79,000 at the end of that 7
Years guaranteed rent? What do I have
years.
to do? Where do I sign? “
Fast forward two years and Abi now has 100%
Meet Abi rent every single month, in that time she has
Abi’s House was a small £50,000 2 bed house never needed to pay for any maintenance and
in Rotherham. It was in a fairly nice area yet was not only that, her house is now the best looked
still providing tenant problems! Lack of rent was after house on that street. Why..?
what caused Abi to be at her wit’s end and She put in a tenant buyer in place.
she’d even considered if she wanted to be a
landlord any more. - Sound familiar?
1
Tenant buyers are not like normal tenants, these formula’s we then work out what it will be worth
people want to own their own home, they just at the end of the contract. You, the property
don’t have the means to buy right now. This owner agree the term of the Rent 2 Buy contract,
strategy offers them a wonderful opportunity to these can be as short as 2 years or as long as
live in the home they will go on to purchase 10 years.
whilst helping them to save each month.
Before the contract begins with the tenant, we
We are talking about Rent 2 Buy, this wonderful agree the market value rent with the property
strategy is a huge win-win for both property owner and also a ‘top up’ the tenant buyer will
owners and tenants. need to pay each month.
It works for small and large houses, houses that This monthly top-up will accumulate to become
have sat stagnant on the market for a long time their deposit when the time comes to purchase
or houses that have been mistreated in the past the house. An added benefit of this top us is that
by tenants. it acts as a “safety net” for the property owner, or
you in this case. If the tenant buyer falls into
This could be the perfect solution for you if you
arrears, or has any specific maintenance they
are fed up of problem tenants or you are tired of
cannot afford, then money can be drawn out of
your house not selling.
this amount to cover it … Don’t worry there is a
very slim chance of this happening as tenant
buyers want both the house and the deposit they
are saving up for it, so it simply acts as that extra
level of safety.
Once everything is agreed, we get started to find

your tenant buyer. This process usually takes
between 2-4 weeks as we hold multiple viewings
and interview applicants to ensure they have the
tenant buyer mentality we’re looking for.
The chosen tenant buyer will then move into your

property and you can relax knowing your
property is looked after, your rent is paid and
your house will sell for the price you are happy
with.
So how does it work and how can you
help me? Easy Peasy lemon Squeezy!
We would take the details of your property and

work out it’s correct market value. Using our
2
MEET ANGELA her lovely property that you can see here, this was on the market
for 2 years without selling and she too had become quite fed up.
This gorgeous property is worth £475,000 and has some

beautiful features and a wood burner too!
Angela came through our Rent 2 Buy process and now has a
tenant buyer who pays her £1500 per month and has a top up
on-top of this too. These tenants have great careers, just never
saved for a deposit, so this solution suited them perfectly!
With this option, the tenants get to live in this beautiful home and
save up to buy it with no added stress!
3
Q How do you value what my home will be worth
FAQ at the end of the contract term?
A We use a number of methods and include a %

Q Can I increase the rent during the contract increase year or year. In some circumstances a
period? RICS surveyor would give the value.
A Yes we can build this in a part of the

agreement with the tenant.
Q Can I evict my tenant during the contract
term?
A Yes you can evict the tenant if they are not

fulfilling their side of the contract. This includes
Q How are the tenants responsible for not paying the rent & top up, or causing damage
maintenance? Am I, as legally I’m the landlord? to the property etc.
A In a tenancy agreement the landlord is legally

responsible, however in a Rent 2 Buy agreement,
if the tenant wishes to buy the house, they have
to agree to be responsible for all maintenance
Q What percentage of tenant buyers actually go
costs.
through and buy the property in the end?
A 98% of tenant buyers will purchase the

property at the end of the term .
Q What happens if the tenant doesn’t want to

buy the house at the end of the contract term?
There are a number of options at the end of the

contract If the tenant no longer decides to buy
the property, they can walk away. However, this
means that their top up money saved would be
granted to you as the property owner.
The tenant can re-negotiate to ask for some more

time to buy or they could sell the home on to
someone else for a higher price. All these
options mean you have the good deal as the
property owner.
4
SO YOU’RE We hope you’ve found our guide helpful and we hope you’re now as
READY TO GET excited as we are about Rent 2 Buy!!
STARTED? Here at Diamond Estates, we want to help as many landlords and
tenants benefit from this awesome strategy, so the best way for you to
get started on your Rent 2 Buy strategy is to get in touch with us!
With this download you’re entitled to a complimentary consultation with

our expert team who will take you through the steps, answer any
questions and get you on your way to getting your first Rent 2 Buy up
and ready.
We look forward to hearing from you soon!
01302 898807
office@diamondestatesproperty.co.uk
www.diamondestatesproperty.co.uk
5

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7 YEARS

Once everything is agreed, we get started to find

The chosen tenant buyer will then move into your

We would take the details of your property and

This gorgeous property is worth £475,000 and has some

FAQ at the end of the contract term?

A We use a number of methods and include a %

A Yes we can build this in a part of the

A Yes you can evict the tenant if they are not

A In a tenancy agreement the landlord is legally

A 98% of tenant buyers will purchase the

Q What happens if the tenant doesn’t want to

There are a number of options at the end of the

The tenant can re-negotiate to ask for some more

With this download you’re entitled to a complimentary consultation with

We look forward to hearing from you soon!

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