GUARANTEED RENT ACROSS MANCHESTER AND LANCSHIRE

Reliable Income. Zero Voids. Total Peace of Mind.

Nova Suites provides landlords with long-term guaranteed rent agreements designed to remove uncertainty and deliver consistent monthly income – regardless of market conditions or occupancy. No voids, No rent arrears and No agency fees. Additionally, the property is maintained in pristine condition throughout the tenancy and cleaned a minimum of once per week.

person in black long sleeve shirt holding persons hand

WHAT IS GUARANTEED RENT?

Looking for predictable rental income without the stress of day-to-day property management?

Guaranteed rent is a straightforward arrangement where Nova Suites leases your property for an agreed term and pays you a fixed monthly amount – every single month.

Even if the property is vacant.
Even if bookings fluctuate.

Your income stays the same.

We then professionally manage the property, maintaining high standards while generating revenue through our proven short-let and corporate accommodation strategies.

Typical agreement length:

3–5 years, with extension options for landlords who value stability.

Throughout the contract, Nova Suites takes full operational responsibility – allowing you to enjoy truly hands-off property ownership.

👉 Check if your property is suitable today.

BENEFITS OF GUARANTEED RENT TO LANDLORDS

GUARANTEED INCOME

Consistent monthly income so you know exactly what you’re earning each month and when - no void periods, no arrears, no unpredictability. You can count on getting paid on time, every time!

LONG TERM CONTRACTS

Guaranteed rent contracts typically span from 3 to 5 years and can extend beyond. Nova Suites fosters long-term relationships with all our landlords.

NO TENANT ISSUES

We manage everything. No late-night calls. No difficult tenants. No administrative burden.

PROFESSIONALLY MAINTAINED PROPERTY

Your property is cared for by professional cleaners at least once a week, ensuring it is maintained to the highest standards, protecting its long-term value.

LOCAL TO YOU

Nova Suites operates with dedicated local teams in the Greater Manchester and Lancashire areas, ensuring responsive management and on-the-ground oversight.

NO MAINTENANCE COSTS

Day-to-day wear-and-tear maintenance is handled by us, significantly reducing the time and expense typically associated with property ownership..

FREQUENTLY ASKED QUESTIONS

What is Short-Let Property Management?

Short-let management is a fully outsourced service that allows landlords to generate higher rental income without the operational workload.

Nova Suites manages every aspect of the process, including:

  • Guest communication
  • Booking management
  • Professional cleaning
  • Check-ins and property access
  • Maintenance coordination
  • Listing optimisation
  • Pricing strategy

You remain the owner – we handle the performance.

Can Nova Suites Manage My Property for Me?

Absolutely.

Our service is designed for landlords who want the financial upside of short lets without sacrificing their time.

We take care of the day-to-day management while positioning your property to achieve consistent occupancy and strong returns.

This is especially valuable for:

  • Busy professionals
  • Portfolio landlords
  • Overseas investors
  • Landlords who don’t live near the property
  • New landlords

What Are Your Management Fees?

Our management fee is 15% + VAT of the booking revenue, covering the full operational service.

There are no hidden costs or fixed fees – just transparent, performance-driven management aligned with your success.

Is Managing a Short-Let Property Difficult?

It can be far more demanding than traditional renting.

Guests expect hotel-level responsiveness, rapid communication, and immaculate presentation –  often seven days a week.

Nova Suites provides the infrastructure, technology, and experienced team needed to operate your property smoothly and professionally.

Is Hiring a Management Company Worth It?

For many landlords – yes.

Professional management often leads to:

  • Higher occupancy
  • Better nightly rates
  • Stronger guest reviews
  • Less wear from poorly managed stays
  • Zero day-to-day involvement

Most importantly, it gives you back your time.

How Many Properties Can One Person Realistically Manage?

Very few, and rarely well.

Short-let success depends on speed, organisation, and consistency. Missed guest messages or delayed cleaning can directly impact revenue and reviews.

Our dedicated team ensures every property receives the attention it deserves.

What is Guaranteed Rent?

Predictable Income, Zero Uncertainty

For landlords who prefer stability over nightly fluctuations, Nova Suites also offers a Guaranteed Rent option.

This model provides a fixed monthly income regardless of occupancy – removing the financial stress of void periods.

How It Works

You lease your property to Nova Suites for an agreed term, and we take full responsibility for management, guest stays, and ongoing upkeep.

You receive reliable income – every month.

Why Landlords Choose Guaranteed Rent

  • Consistent, predictable cash flow
  • No void periods
  • No guest management
  • No marketing required
  • Reduced operational risk
  • Long-term peace of mind

It feels like a traditional tenancy, just smarter.

How Is the Guaranteed Rent Amount Calculated?

We conduct a detailed market assessment based on:

  • Local rental demand
  • Property condition
  • Size and configuration
  • Area performance

The figure is carefully structured to balance stability with strong long-term value.

Can I Use Guaranteed Rent for Multiple Properties?

Yes, many portfolio landlords use this model to simplify income across several assets.

Each property receives its own tailored proposal.

What If My Property Is Currently Tenanted?

We’ll review the existing agreement and advise on the smoothest transition, whether that means taking over once the tenancy ends or planning ahead.

Are There Any Fees?

No management fees apply under the guaranteed rent model.

You simply receive the agreed monthly payment.

Clean. Predictable. Hands-off.

Can I Sell My Property During the Agreement?

Yes, although terms should always be reviewed in advance to ensure a seamless process.

Our team will guide you through any considerations.

Still Have Questions?

We’re here to help.

Whether you’re exploring short lets for the first time or reviewing your current rental strategy, Nova Suites provides straightforward advice, no pressure, no jargon.

Speak to our team today and discover what your property could really earn.

Guaranteed Rent

  1. What is guaranteed rent?
    1. Guaranteed rent is a service where a property management company or local council guarantees to pay the landlord a fixed rental income, typically on a monthly basis, regardless of whether the property is occupied or vacant. The management company takes over the responsibility of managing the property, finding tenants, and ensuring regular rental payments. This arrangement provides landlords with a stable income stream and reduces the risks associated with void periods and non-payment of rent.
  2. How does guaranteed rent work?
    1. Under a guaranteed rent scheme, the landlord signs a contract with the management company, agreeing to rent the property to them for a fixed period of time. The management company then becomes responsible for the property. The landlord receives a rent guaranteed each month, typically for a period of 3-5 years or longer after renewals take place.
  3. How does guaranteed rent benefit landlords?
    1. Rent to rent landlords enjoy a reliable and consistent rental income, even when the property is vacant. The management company takes on the responsibility of filling the property, managing the property, and dealing with any maintenance issues that arise. This can save the landlord a lot of time, money, and hassle.
  4. Is guaranteed rent only available for commercial properties?
    1. No, rent guarantee schemes are available for both commercial and residential properties.
  5. Can guaranteed rent be applied to residential properties as well?
    1. Yes, rent guarantees can be applied to both residential and commercial properties.
  6. Is there a minimum or maximum length of time for guaranteed rent agreements?
    1. The length of time for guaranteed rent agreements can vary depending on the management company but typically NOVA Suites contracts range from 3-5 years. For new landlords an 18 month trial tenancy is sometimes offered.
  7. Are there any fees associated with guaranteed rent?
    1. There are no fees when benefiting from a guaranteed rent scheme with NOVA Suites. From a landlords perspective, it will feel like a normal tenancy however the contract will be between the landlord and NOVA Suites. This saves landlords a lot of money.
  8. Is there a limit to the amount of guaranteed rent I can receive?
    1. The amount of guaranteed rent can vary depending on the location, size, and condition of the property, as well as the terms of the contract.
  9. Can I receive guaranteed rent if my property is currently vacant?
    1. Yes, guaranteed rent is provided even if the property is currently vacant.
  10. Can I receive guaranteed rent if my property is currently occupied by a tenant?
    1. It depends on the terms of the existing tenancy agreement. NOVA Suites would take over the tenancy agreement or wait for it to expire before renting the property themselves. This is typical of rent to rent companies.
  11. Can I receive guaranteed rent if my property is in need of repairs or renovations?
    1. It depends on the extent of the repairs or renovations needed. NOVA Suites may require the landlord to carry out necessary repairs or renovations before entering into a guaranteed rent agreement. This is typical of rent to rent companies.
  12. Is guaranteed rent available in all areas or only certain locations?
    1. NOVA Suites offer guaranteed rent across the whole of the UK including all the major cities.
  13. Can I receive guaranteed rent if I have multiple properties?
    1. Yes, guaranteed rent can be applied to multiple properties. NOVA Suites will generate a specific quote for each property or block of flats.
  14. Can I sell my property while under a guaranteed rent agreement?
    1. Selling a property under a guaranteed rent agreement can be more complex. Landlords should review the contract terms regarding property sale and termination clauses. It might involve providing notice to the management company and settling any outstanding payments or penalties as per the agreement.
  15. How is the rent amount determined in a guaranteed rent scheme?
    1. The rent amount is usually determined through a market analysis and property evaluation conducted by the management company. It is often slightly below the market rate to compensate for the guaranteed income and hassle-free nature of the service.
  16. How can landlords find reputable guaranteed rent providers?
    1. Landlords should conduct thorough research to find reputable guaranteed rent providers. Reading reviews, seeking recommendations from other landlords, consulting real estate agents, and reaching out to local landlord associations can provide valuable insights. It’s important to choose a reliable and trustworthy provider with a proven track record of fulfilling guaranteed rent agreements and managing properties effectively.
  17. Can I customise the guaranteed rent agreement to meet specific needs?
    1. Some management companies offer customizable guaranteed rent agreements tailored to specific landlord requirements. Landlords can discuss their preferences and needs with the management company before finalising the agreement. Customization options might include services offered, rent amount, contract duration, and other terms, ensuring the agreement aligns with the landlord’s individual circumstances and goals.
  18. Are there any additional fees associated with guaranteed rent schemes?
    1. Landlords should inquire about any additional fees or charges related to guaranteed rent schemes. Some management companies deduct administrative fees, maintenance costs, or other expenses from the guaranteed rent amount. It’s essential to understand the fee structure and any potential deductions before entering into an agreement. Clear communication and transparency regarding fees are crucial for a successful partnership between landlords and guaranteed rent providers.
  19. What happens if the tenant damages the property in a guaranteed rent scheme?
    1. In most guaranteed rent schemes, the management company takes responsibility for handling damages caused by tenants. They typically use the security deposit held from the tenant to cover repair costs. If the damages exceed the deposit amount, the management company might cover the additional expenses or have insurance policies in place to address such situations. Landlords are usually shielded from the financial burden of tenant-induced damages.
  20. Is there a difference between guaranteed rent and rent-to-rent schemes?
    1. Yes, there is a difference between guaranteed rent and rent-to-rent schemes. Guaranteed rent involves a management company or council guaranteeing a fixed rental income to the landlord, regardless of occupancy. Rent-to-rent schemes involve a third party (renter) renting the property from the landlord and then subletting it to other tenants, often at a higher rent, with the aim of making a profit. Guaranteed rent offers a more stable and secure income, while rent-to-rent schemes carry higher risks and legal complexities.
  21. Can I participate in a guaranteed rent scheme if I have multiple properties?
    1. Yes, landlords with multiple properties can participate in guaranteed rent schemes for each of their properties, provided they meet the eligibility criteria set by the management company or council. Each property would have its individual guaranteed rent agreement, allowing landlords to enjoy stable income streams across their property portfolio. Managing multiple properties under guaranteed rent schemes can provide convenience and financial security for landlords.
  22. What kind of documentation is involved in a guaranteed rent agreement?
    1. A guaranteed rent agreement typically involves a formal written contract outlining the terms and conditions agreed upon by both parties. This document includes details such as the rent amount, payment schedule, responsibilities of the management company, termination clauses, and any other specific arrangements. It’s essential for landlords to thoroughly review and understand the documentation before signing to avoid misunderstandings later on
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