Powerful partnership for private sector landlords

Rent on Time and Urban Sales and Lettings have announced an exclusive new partnership to launch a powerful combination of products, offering a compelling proposition to private sector landlords who manage their own properties.

The combined offering gives landlords a professional tenant-finding service with professional tenancy agreements, and the addition of a comprehensive tenant assessment and rent collection service, backed by a guarantee that the rent is paid on the due date, regardless of when the tenant pays.

This new partnership comes at crucial time for a fast-paced rental market, with rent arrears now affecting over 8% of all private sector rents. In the last quarter to June, the number of private sector tenants in England and Wales with severe rental arrears increased by 3.3%, according to the latest research.

Oliver Atkinson, CEO at Urban Sales and Lettings, developed a successful online Tenant Finder service for landlords and has been looking for a strategic partner to offer rent collection services once the tenant has been secured to enhance the current service. Oliver commented:

“We know from our clients that rent collection is something that landlords who self-manage find the most difficult and stressful. Rent on Time offer the perfect solution. They professionally assess the tenant and then guarantee to pay the monthly rent on time, offering the landlord full protection against any arrears and including up to £50,000 legal expenses cover. This is exactly what Urban Sales and Lettings wanted for our customers and we are confident that combining our services will help landlords make the most from their properties.”

Jordan Halstead, Managing Director at Rent on Time is a strong supporter of business partnerships. Jordan said:

“Some 50% of landlords in the UK self-manage their properties and enjoy doing so. Finding quality tenants and guaranteeing their cash-flow really helps landlords optimise their property investment and get the best yields possible. We are delighted to be in partnership with Urban Sales and Lettings and offer landlords a one-stop solution to finding and assessing tenants and collecting their rent.”