General (main property discussion here) - Rental Guratee

I know this may sound obvious but I would like tit to be clarified. One of the off plan apartments advertised on this site is advertised with a rental guarantee for a year. Does this mean that some company WILL DEFINITELY pay rent for one year?

Good question, i also would like to know this.

Matt

Yes, provided the company is still in business throughout the year! It sounds unlikely that they'd not be, I know, but I'd find out where the guarantor is registered - if overseas, beware!

I've heard nasty (unrelated) stories regarding managing agents and freehold owners that are registered overseas, so do your research I'd recommend.

John

Thanks John. Just seen an off plan opportunity that I am interested in. I will check them out a little more.

Check the market rents as well Frank (phone up a local agent and pretend you've already got a flat in the area - what could they get for it, etc).

Guaranteed rental income is nice, but as a long term investment the value of it will depend on local rental demand and rent levels.

Good luck

John

frank,

which are you loking at?

i quite fancy a closer look at the one in Leeds.

tom

Yep Tom that is the one

"The Mill" in Leeds, looks good.

I work in Leeds close to Morley and have also looked at this off-plan. I will go up and have a look if you like, does anyone have any questions they would like me to ask? I'm pressuming I will just be able to turn up and look round show apt.

Sarah

Erm, questions, questions, erm, I keep looking at the description and to be honest, I really do not know how much buying a one bedroom place is going to cost, it says one thing then another. It is not very straight forward.

A simple answer on how much it would cost to buy any type of property would be a good one to ask.

Hi,

Could you 1) ask them for the price and then 2) tell them that a group of investors are looking to purchase several and how much discount would they give you off this price for a multi buy ?

perhaps those that are seriously interested could obtain a further discount in this manner.

Hope this helps,

Funky.

Cracking idea Funky! The same "collective bargaining method" has saved me a small fortune on insurances.

Regards, PO

sarah,

that is a very kind offer and sorry for not responding to you sooner. i will give some thought to this and post some questions soon.

in fact i might start a new post...something like

'Questions to ask when buying off-plan?' so other can add and will hopefully serve as a useful post in the future to others.

tom

I haven't had a chance to go up and have a look yet, i'm just trying to complete on a property by Fri. Yes, I will check the prices and enqurie about discounts etc.