Please reach us at info@leasehomez.com if you cannot find an answer to your question.
We offer our clients a fixed, guaranteed rent for their residential properties. Lease Homez signs up your property on a Rental Management Contract for a fixed term and as part of the contract, your rent is paid to you by Lease Homez whether the property is vacant or occupied. Sounds good? It gets better!
During this time we will let out the property for rental, often to Expats, Embassies, MNCs professionals on a Leave & Licence agreement basis exclusively stipulated by us. All tenancy will be overseen by our team who will be the sole-point-of-contact for the tenants. We will also cover and pay for any day to day maintenance, so that Landlords can truly cease worrying about the property for the entire term of the agreement.
We have offices in Bangalore, Chennai, Hyderabad, Mysore & Coimbatore. We cover almost all leading Metro cities as part of our Property Management Services, however, the Guaranteed Rent Plan is not available across all locations, you are requested to confirm the same for your property with our advisors.
We work with different individuals and institutions who seek a reliable and professional Property Management Company for their leasing requirements – these may include home owners staying in the same city with a second home for rental income in the vicinity, landlords staying outside the city or country but with rental property in the city, professionals looking for a hassle-free rental income as they don’t have time to manage the leasing affairs and NRI investors staying outside India but having rental property in India.
We work hard to attract the best quality tenants for your property. Our tenants include MNCs executives in the city for short/long projects and relocations, Expats & overseas Embassy staffers visiting India.
All the tenants are fully vetted before taking occupation of your property and sign legally binding short/long term Leave & License Agreements. These agreements are signed between the Occupants and Lease Homez without creating any tenancy rights or relationship with the Landlords.
Should the property fall vacant between tenancies or if any tenant falls in arrears with rent, you will continue to be paid your Fixed Rent by Lease Homez without default, and we will take steps to deal with these arrears besides working on any eviction cases.
We essentially require that the property is in basic livable condition, with no major defects in Electrical, Civil or Plumbing. Don’t worry if you don’t have these, we can sort most of these things on your behalf.
We often signup residential properties needing partial or complete refurbishment, and will decorate, renovate or re-furbish them specifically towards the target market, often at no cost to the landlord. You will mostly end up with your property in a much better condition at the end of our lease term, than how we took it up initially.
We review the market rate for your property and offer you a competitive rent based on various factors including location, age of property, layout, furnishings, etc. Often we can see an angle on your property which can increase the rent, allowing us to offer you an attractive figure that may go up higher if you make slight additions/ modifications as per our suggestions.
With Lease Homez, virtually all the hassle and risk of residential property letting is removed.
* No empty or void time periods between tenancies.
* No Management Fees or Tenant Placement fees.
* Lease Homez deals with all renting regulations.
* Lease Homez manages all property maintenance issues.
* You are guaranteed a Regular income.
Contact Lease Homez and after an initial assessment, we will arrange to visit your property immediately. We will usually come back to with a guaranteed rental offer within 48 hours. We listen to our clients and will tailor our offer based on your individual requirements.
There is no catch! We are very different from regular property dealers who will rent out your property and then disappear till the end of the lease term. We are seasoned property professionals with our own portfolio of rental properties throughout India and give you the opportunity for us to take your properties under our wing. We stay with you throughout the lease period acting on your behalf for any and every issues during the tenancy, ensuring a hassle-free experience for Landlords.
Lease Homez will sign a legally binding Rental Management Agreement with the Landlord and will also provide Rental Payments at the time of signup. You also get the benefit of having a trusted and reliable, respected local company to deal with, one who is 100% responsible for your property.
As soon as possible! We can often sign and start our agreement within a few days of the first meeting and the rental payments are made in advance with the first payment transferred to your account via NEFT upon signing the agreement.
If you previously or currently have your property rented and/or managed by a property dealer or renting agent then we want to hear from you. In many cases, we can guarantee your rent at a similar or higher rate to the net figure you would receive from the broker – imagine never having to worry about commissions/brokerages, tenancy break periods, or exorbitant fees charged by your broker. With Lease Homez, you receive a regular, fixed, guaranteed rent, which is paid whatever happens. We are the Property Agents who will pay you even when there is no tenant staying in your property!
Lease Homez effectively become your tenant, guaranteeing you a fixed rental income. You will continue to receive the agreed rent regardless of whether the property is tenanted or empty.
The rent guarantee contact we can offer from a minimum of 12 months up to a maximum of 5 years.
The rent guarantee contact we can offer from a minimum of 2 years up to a maximum of 5 years.
The benefits of a rent guarantee scheme for landlords include no void periods, no rent arrears, no commission, no set-up fees, no renewal fees or any other “hidden extras”. No need to deal with the tenants at all. We can be flexible with payment dates, contract lengths, and start dates.
Where the property is required unfurnished, landlords will still be required to supply the following items;
The rent guarantee contact we can offer from a minimum of 3 years up to a maximum of 5 years.
Simply call our leasing team on xxxxx 1988 who will be pleased to arrange a no obligation property valuation. We will meet you at the property and advise you of any areas that may need addressing prior to leasing your property.
Generally the leasing process can be a quick as 24 hours to a maximum of 10 days.
All utility bills and Council Tax will be transferred to the tenants by Lease Homez. During the term of the contract, the tenant will be liable for all utility bills and Council Tax.
All payments are made by an automated system or either by bank transfer, cheque payment or account payment. Payments are usually made on 5th of every month for the previous month rent arrears (post pay).
No we don't. The rent agreed will be the rent that you receive from Lease Homez every month. We do not charge any commission or a management fee as we are your direct tenant.
You will require the following documents to lease your property. Please use the following landlord check-list:
Once the contract is signed by both parties, you will get paid via the bank of choice that you have provided.
You get paid each month, the dates you can get paid are on the 5th. The date you have agreed upon when you signed the initial contract is when you will be paid.
Lease Homez liaise with all the tenants so you have nothing to worry about.
NO, Lease Homez potentially become your tenant. We will find suitable tenants for the property, you don't have the stress of allocating the tenants for your property or the worry of any void periods of rent.
We have stringent guidelines as to who we accept as our tenant. We carry out inspections on how they reside, and how they conduct themselves during their tenancy and ensure that we get the right tenant for the right property.
No Commission & No hidden fees.
We will make you a rent guarantee offer for the amount achievable for the area and size of the property.
The rent amount will be an agreement between yourself and Lease Homez, stated in your lease agreement which you will have a copy of.
The lease for a property in a guaranteed rent scheme usually matches the length of the agreement. This agreement is with the property management company or local housing association.
With Lease Homez, our expert team entirely manages tenant placement. We take care of everything. This includes advertising your property and making sure tenants meet all the needed criteria. You won’t have to worry about vacancies or the quality of tenants.
Guaranteed rent schemes agreements usually last from 1 to 5 years, or even upto 10 years. The length depends on the Landlord and the Company. These long-term agreements offer stability and peace of mind. They ensure your income for the entire contract period.
At the end of the agreed period, you’ll usually have the option to renew, making guaranteed rent a sustainable, long-term solution for your properties.
Financial Stability: With guaranteed rent, you get a steady income each month. This is true even if the property is empty or tenants do not pay. This stability allows you to plan confidently and reduces financial risks.
No Tenant Management: When you partner with Switch Housing, we take care of all tenant management tasks. This includes placement, communication, and managing any issues that come up. This reduces the day-to-day workload for landlords and ensures compliance with housing laws and standards.
Lower Risk of Rent Arrears: Traditional renting often involves the risk of tenants falling behind on payments, leaving landlords with the task of chasing payments or even dealing with evictions. Our guaranteed rent scheme removes this risk by ensuring fixed monthly payments.
Comprehensive Property Management: We don’t just collect the rent, we ensure your property is well-maintained, reducing the risk of damage and keeping it in good condition. This ensures long-term value for your property and improves tenant satisfaction. When a landlord wants their property back, we return it in the same condition as it was received, avoiding any damages or maintenance fees that could occur with private tenants.
At the end of the lease term, the property is returned to you in good condition, subject to fair wear and tear. You can then decide whether to renew the agreement, rent the property independently, or explore other available schemes.
You’ll start receiving your guaranteed rent from the first day of the agreement, providing immediate income and financial stability.
Lease agreements typically range from 2 to 7 years, depending on your preferences and the company’s terms. This flexibility allows you to choose a term that suits your needs.
Even if the property is unoccupied, your guaranteed rent is paid on time every month. The property management company takes on the risk of finding and managing tenants, so you don’t have to worry about vacancies.
Our guaranteed rent schemes are designed to offer a straightforward income stream with no hidden fees, deductions, or commissions. The amount agreed upon is what you receive, maximizing your rental income.
Lease Homez covers the costs of maintenance and minor repairs. This means you don’t have to worry about unexpected expenses cutting into your profits.
Yes, regular inspections are conducted to ensure the property is being cared for properly. You’ll receive detailed reports outlining its condition, giving you peace of mind.
Guaranteed rent schemes are generally available for a wide range of properties, including flat and houses from 2-BHK and 3-BHK properties in Bangalore, Chennai & Hyderabad.
Yes, selling your property during the agreement is typically allowed and should be informed at the initial stage while signing Lease Agreement. We may first ask you to transfer the lease agreement to the new owner.
Yes, the income you receive is considered taxable, just like any other rental income. It’s important to consult with a tax professional to understand your obligations and potential deductions.
The main consideration is that the guaranteed rent may be slightly lower than the market rent you might achieve independently. However, this is offset by the convenience, time savings, and risk-free nature of the scheme.
Fill in the contact form found on this page. We’ll assess your property, explain the terms, and provide a tailored agreement to suit your needs. Once the agreement is signed, your guaranteed rent begins immediately.
If you have further questions or want to explore how a guaranteed rent scheme could benefit you, don’t hesitate to contact us.
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