Owners get full peace of mind and need not worry about late payments or rent arrears. The prime tenant, not the sub-tenant, is responsible for paying the rent. The prime tenant guarantees that the owner will be paid the monthly rents for the entire 15-year term of the tenancy agreement.
The prime tenant is also responsible for making sure that the homes are handed back in their original condition (except for normal wear and wear) when the contract ends.
Over the course of the tenancy agreement, the prime tenant makes sure the homes are let. In addition, he will also continue to pay 100% of the rent as agreed even if the properties are temporarily vacant, as per the terms of the tenancy agreement.
The owners work with a professional partner who has extensive experience in the renting and letting of homes.
The prime tenant handles the management of the homes and all technical and administrative formalities. The prime tenant also advises and supervises the tenants.
The prime tenant is responsible for complying with all tenant obligations. The owner has no direct contact with the sub-tenant, which rules out any lengthy court proceedings. This risk resides entirely with the prime tenant.
In the event that the prime tenant should fail to comply with his rent payments, the rental income guarantee pledged by him is also covered by a well-respected insurance company.