PlanetRent: Rent collection just got easier
Mary-Anne Bowring 16/06/2020
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The Challenges of Rent Arrears for Landlords
With the eviction ban extended, landlords struggling with unpaid rent face financial uncertainty, especially those relying solely on rental income.
The National Residential Landlords Association’s (NRLA) Response
The NRLA is calling for government support, including urging tenants to pay rent if they can, boosting housing allowances, and prioritizing pre-pandemic possession claims.
The Financial Impact on Landlords
Many landlords lack savings to cover missed payments, making the eviction ban extension particularly difficult for those with tenants already in arrears.
How PlanetRent Helps Prevent Rent Arrears
PlanetRent improves rent collection by collecting payments individually from joint tenants and automating direct debit setups for hassle-free transactions.
The Benefits of Direct Debit Payments
Direct debits ensure secure, on-time rent collection while offering tenants protection under the Direct Debit Guarantee.
PlanetRent’s Pay-As-You-Go Model
With no subscriptions and a simple pay-as-you-go pricing model, PlanetRent makes rent collection seamless and stress-free for landlords.
Planetrent Properties
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.