What if the buyer defaults?
Our unique rental guarantee arrangement with Rentmaster provides the seller with peace of mind as the rental collection and distribution is secured and underwritten through Rentmaster, says de Waal.
Noting that with the Rentmaster/Rent2buy guarantee, the landlord receives their rental on the first day of each month, the rent is guaranteed for three months and all legal costs are covered should eviction proceedings be necessary.
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This is an enormous security blanket for a Rent2buy seller, as recently I learned from a landlord who was not covered by a rental guarantee that it cost her almost R40,000 to evict a non-paying tenant on a R6,000 per month rental agreement.
The biggest hurdle de Waal and his team faced was a shortage of Rent2buy stock, he says, noting that this is now yesterday’s problem.
Group 5 Properties, one of the largest construction groups which also sells property, granted us a mandate to market and sell three different Rent2buy units in its Glen Acre development in Midrand, says de Waal,
Author: Meyer De Waal
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