Guaranteed Rent in London and the South East

Mayfair’s Fixed Rental Income Product  (FRIP) indemnifies landlords against the hassles, responsibility and majority of the liability associated with being a conventional landlord. Mayfair inherits the same responsibility to manage every single aspect of the tenancy, at no cost to you (the landlord) whatsoever.

Mayfair’s (FRIP) furnishes landlords with a Fixed Rental Income throughout the contractual term even when the property is vacant, or when our tenants fail to pay their rent!

Mayfair’s (FRIP) indemnifies landlords against problem tenants and their potential evictions via the courts, at Mayfair’s expense. During an eviction, landlords will remain risk-free and continue to receive their contracted rental income, no matter what.

There is a multitude of personal reasons whereby our clients seek to fix their rental income for up to seven years, which is at no cost to the landlord whatsoever. Mayfair effectively becomes your risk-free tenant as a result of the contractual agreement we enter into with you.

Irrespective of whether you are looking for a Fixed Rental Income Product on a single property, or an entire prime property portfolio, Mayfair’s (FRIP) is testament to the strength of our success.

We immediately proceed on properties provided by reluctant landlords, investors, property investment clubs, lettings and estate agents. These range from studios to large four bedroom executive homes and Mayfair offers the fair market rent.

We will maintain the internal condition of the property during the term of the agreement. This alone saves landlords hundreds of pounds.

We personally cover all utilities, energy and council tax bills for you (the landlord), even while the property is vacant.

We have a dedicated team of experienced portfolio managers who are all collectively situated in an independent office in order to solely focus on and execute the highest possible portfolio management service.

We employ a professional team of maintenance men who ensure that our portfolio of properties are maintained swiftly and in some cases make significant improvements to particular properties at our expense.

This means that if your property needs attention or repair you can approve our quote or proceed independently with your chosen maintenance team. It’s up to you!

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Frequently asked questions?

Who are the tenants?

Most landlords prefer professional or corporate tenants in order to reduce the risk of problem tenants. Mayfair enters into a contractual agreement direct with you (the landlord), which means that Mayfair becomes your professional, corporate, risk-free tenant.

What if Mayfair fails to pay the rent?

In our contractual agreement we protect our clients with a break clause. This ensures that, if we fail to meet our obligations, the agreement becomes null and void. The property and tenants residing in the property by default return into your (the landlord’s) control. Irrespective of our contract, Mayfair has a built a reputation for Guaranteed Rent throughout London based on personal introductions, transparency and integrity, which means that its commercial suicide for us should we fail to meet our obligations to you (the landlord).

Who will reside in the property?

It’s our responsibility and business model to place the highest calibre of tenant in the properties we lease. Therefore, to ensure that Mayfair remains profitable, we must conduct strict due diligence to ensure that the tenants meet their rental obligations towards us. Should the tenants fail to meet their obligations to us, Mayfair are committed to meeting our financial obligations to you (the landlord).

Therefore, we seek the best possible tenants, which sometimes includes our staff, interns or associates on short-term employment contracts in the city.

When do you commence the payments?

Irrespective of how long it takes Mayfair to find a suitable tenant, our Fixed Rental Income Product guarantees that, once our agreement is signed, and the property is presented in a condition acceptable to us, our agreed payments will commence within a maximum of 21 days.

How long is the contract?

Our Fixed Rental Income Product usually runs from 1-7 years depending on how long you wish to eliminate the risks associated with being a landlord for. You can opt to extend the agreed period at any time by contacting Mayfair.

How do I find out if my property is suitable?

Firstly, you need to call Mayfair or complete our online form. On receipt of your property information one of our consultants will arrange an internal inspection and during this review we will let you know if for any reason the mentioned property isn’t suitable.

What areas do you require properties in?

We immediately require individual properties and entire portfolios throughout West London, London and within the M25. We also require the same in the South East. We will also proceed on multiple properties (i.e. portfolios) in or within a 30-minute commute.

Is this simply an insurance policy?

Definitely not. Mayfair’s Fixed Rental Income Product enables the landlord to benefit from a Fixed Rental Income for 52 weeks of the year, which is an anomaly in comparison to any other products on the market. You will receive the agreed Fixed Rental Income 52 weeks of the year, even when the property is vacant.

What about damage to the property?

The agreement Mayfair enters into with you (the landlord) ensures that we must register a deposit on behalf of the sub-tenants. This ensures that Mayfair is held responsible for the cost of the damage to the property up to the sum of 1.5 months rent. When a tenant vacates the property the detailed inventory obtained ensures that Mayfair returns the property in the same condition it was received in (subject to a fair wear and tear allowance).

How much rent will I receive?

Many landlords fail to calculate the net rental figure they actually receive across a 12-month period. Net returns fluctuate considerably when landlords factor in the average void period of six weeks, letting charges, monthly management commissions of 10-15%, VAT at 20%, rental arrears, renewal fees and court eviction costs, amongst other unpredictable costs.

When landlords calculate the above (which is not an exhaustive list) the net returns fluctuate considerably; however, Mayfair’s Fixed Rental Income Product guarantees a set amount that is similar and in some cases more than you would receive when letting through a conventional agent.

Why should I choose Mayfair’s FRIP?

Unlike other firms it’s not rent guarantee insurance. It’s not an underhand council and benefits scheme operating as an intermediary between the council, DSS tenants and you. It’s not a start-up rent-to-rent scheme that’s here today trading online and gone tomorrow.

Mayfair’s Fixed Rental Income Product is one of our flagship products and, as a result, is testament to the strength of our success and increasing market share throughout London.

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