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Next Move estate Agents

Next Move Estate Agents

Welcome to our valuation scheduling page. Please click below to book your free no obligation valuation in to our office diary. You will receive a separate email confirmation of your market appraisal valuation appointment.

Next Move estate Agents

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Next Move estate Agents

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Advance Rent Option
Home Advance Rent Option

THE ADVANCED RENT OPTION (ARO)

What is the Advanced Rent Option (ARO)?

ARO is our normal quality full Management service with the additional benefit of including a years rent upfront. ARO is available for new and existing tenancies provided the property is compliant and the tenants pass a professional referencing check.

The ARO is changing the way investors and landlords are looking at their investments and is a huge game changer for anyone with a buy-to-let property. ARO offers Landlords the ultimate in terms of peace of mind, convenience and financial freedom.

Landlord Rent Guarantee

The ARO includes a Landlord Rent Guarantee, so if the residing tenant doesn’t pay their rent you will not be liable to repay us the amount not collected, unless the tenant leaves the property and there is a void.

In this event, where the tenant leaves during the twelve month contract, we would normally re-let your property with a new ARO for the new tenancy, minus the rent portion not paid back by the previous tenant on the original ARO tenancy.

Alternatively, if there is rent outstanding and you decide to go in another direction with your property, you will be liable to refund the portion of outstanding advanced rent.

How it works

As a member of the ARO network, we use their proprietary Primary Tenancy™️ business model to pay you a year’s rent in advance, less our standard fees and charges. The rent is then collected monthly from the tenants in the property. Practically speaking and in other respects the ARO is similar to our conventional Full Management Service.

Assuming there is not already a tenant in residence, we will find you a quality tenant. Prior to move in we will ensure that the property is fully compliant and the tenant is professionally referenced and during the tenancy we will carry out all our normal duties as your managing agent. In the case of a new tenancy we will transfer your funds less our agreed fees once the tenant has moved in and paid their first months rent. If you already have a tenant we will transfer your funds once we have completed our checks, established a new 12 month tenancy and received the first months rent.

next_aro

ILLUSTRATION

A simple illustration based on a £1,200 per Month rent for a New Tenancy, including Primary Rent Guarantee (A fully managed property does require a Maintenance Float for emergency works).

  • Rent @ £1,200 per Month x 12 = £14,400.00
  • LESS
  • Set-Up Fees for New Tenancy (Approx.): £299.00
  • ARO Management Fee and Landlord Rent Guarantee
    (EQUIVALENT TO 12%+VAT): £ 2,160
  • Maintenance Float for Management: £350.00
  • NET PAYMENT AVAILABLE TO LANDLORD: £11,591
  • (ILLUSTRATION ONLY)

If you are interested in the ARO please contact us and one of our advisers will be happy to help with your personalised illustration.

What Landlords are saying:

Robert W

‘We decided to go for ARO as it gave us a lot more peace of mind to get our rent up front for the year rather than monthly.’

Lauren E

‘I used the cash from the ARO to pay off my credit card bill and cover some refurbishment costs on my new house.’

Chris H

‘I used the upfront money from the ARO as a deposit for my next buy to let property in Manchester.’

Emily A

‘When we heard about ARO we liked it but first we asked several agents if they did something similar and no one did, it really is a unique offer and so useful’

Contact us

T: 01733 641 642

E: lettings@nextmoveltd.com

W: www.nextmoveltd.com

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