Frequently Asked Questions

FAQ for Landlords

We invest in buy-to-lets, non-productive assets and flip properties in partnership with property owners to achieve help them achieve their full potential.

Target Properties

What type of properties does your portfolio include?
We target mostly run down or non-productive properties where our investment and resources can add real value. Once the investments has been made, the property must have the ability to generate enough rental income to provide a net annual return of at least 10%.

Net returns are calculated after deducting expenses and payments of rents to property owners.

In most cases of non-productive assets, owners will share the investment with us by providing us free rent periods.

If my property fits your criteria, how fast will you make me an offer?
You will receive an offer from us on the same day as its evaluation. We must first establish that investing in your property is financially feasible for us.

Contracts and Terms

What type of contract will you be sending me?
We will sign a company full repair and insuring lease. The leases will make us your sole corporate tenants and will give us rights to sublet your property.

If I decide to sign with Perfect Tenants, do I have to wait for you to find residents for my property in order for me to begin receiving rent?
No. We are your tenants, so we pay your agreed rental amount per month without fail. Hence ‘Perfect Tenants’.

I was told that commercial agreements protect tenants under the Security of Tenure Clause?
Yes, that is correct. However, in our case we will waive this part of the Landlord and Tenant Act 1954, meaning we will only have rights to your property for as long as the term that we agree on.

What if Perfect Tenants dissolves whilst operating my property?
As specified in our contract, if Perfect Tenants ceases to exist whilst in operation of a landlord’s property, all sub-rents will be diverted directly to you.

Planning Restrictions

When conducting due diligence into our potential investment, we will establish if the use we intend for your property would require planning permission or any HMO licenses. In this case we may add conditional/contingency clauses to our agreement.

Rent

So you pay me directly?
We pay our Landlords via standing order on a monthly basis.

What charges should I expect?
None. We are 100% transparent and there are no hidden fees.

What if your sub-tenants don’t pay you?
You will still receive payment as usual. Collecting the sub-rent is our responsibility.

What if the market price changes, will you review the rent during the term?
No, once we agree a rent, this is the set price for the agreed term.

Property Management

How is my property maintained?
Given the terms of the lease, we have agreed to take your property on a full repairing and insuring basis. This means we take full care and responsibility of interior and exterior maintenance of the property.

Given that changes and modifications may be made in my property, will this be left for when I take back possession?
We provide landlords the option to either keep the changes we have made to their property, or allow us to reinstate the property back to its original condition. This comes at no cost to the landlord.

What if your subtenants cause damage?
As sub-tenants are our tenants, we take care of the costs for any damages. We will of course take the necessary action to prevent this from happening.