Question 1

What is a Guaranteed Rent scheme?

Accepted Answer

A Guaranteed Rent scheme is where a company leases your property for a fixed period (typically 1–5 years) and pays you a fixed monthly rent regardless of whether the property is occupied. The company then manages the property and tenants during the lease term.

Question 2

How does the company lease model work?

Accepted Answer

The landlord leases the property to VERIDIAN VILLAGE.  We become the contracted tenant and pay a fixed monthly rent. The property is then used to house tenants via councils, housing providers, or supported housing partners. Landlords deal only with us, not the occupants.

Question 3

How long are company lease agreements?

Accepted Answer

Most leases range from 1–5 years for standard agreements and 2–10 years for longer corporate leases, depending on property type and demand.

Question 4

Will I still get paid if the property is empty?

Accepted Answer

Yes. Rent is guaranteed for the full lease period, even during void periods.

Question 5

Who are the tenants placed in the property?

Accepted Answer

Tenants may include families referred by councils, working professionals, key workers, supported living residents, and temporary accommodation placements.

Question 6

Do I still manage the tenants?

Accepted Answer

No. We handle tenant placement, rent collection, inspections, day-to-day management, compliance, and reporting.

Question 7

What happens if tenants damage the property?

Accepted Answer

We manage tenant behavior, arrange maintenance, and ensure the property is returned in agreed condition at the end of the lease. Terms depend on the contract.

Question 8

Do landlords pay management fees?

Accepted Answer

In most cases, no. Our income comes from managing the property and housing placements.

Question 9

What types of properties are most in demand?

Accepted Answer

2–5 bedroom homes, flats, HMOs (4–8 bedrooms), and supported living properties are in high demand, especially for family housing.

Question 10

Do I need to meet property requirements?

Accepted Answer

Yes. Properties must meet safety standards, have valid Gas and Electrical Certificates, EPC compliance, and be in good lettable condition.

Question 11

Can I sell or refinance during the lease?

Accepted Answer

Yes. You can sell or remortgage, but lenders must approve the company lease arrangement.

Question 12

Why do councils lease properties?

Accepted Answer

Councils lease properties to quickly house families experiencing homelessness or waiting for permanent housing.

Question 13

What are the benefits for landlords?

Accepted Answer

Guaranteed rent, no voids, no tenant sourcing, no arrears, full management, and long-term income security.

Question 14

How quickly can my property be leased?

Accepted Answer

Usually within 7–10 days after inspection and compliance checks.

Question 15

What areas do you operate in?

Accepted Answer

We operate across Birmingham, Wolverhampton, Dudley, Walsall, Sandwell, Coventry, West Bromwich, and Smethwick.

Frequently asked questions