Thus, that company / institution / letting agent or individual rents the property from you, the landlord, and then sub-lets it to tenants while managing the full process. The tenants have no direct relationship with the landlord, and everything is handled by
the ‘main tenant’. It alleviates some of the overwhelming set of responsibilities a landlord has and works very well for:

• new landlords with little or no experience.
• landlords that are far from their investments.
• or investors that own several properties, estates, or HMOs where management can become overwhelming.

Most private companies running Guaranteed Rent schemes charge 0% commission and state there are no up-front payments. Their profits come from the difference between the guaranteed payment agreed with the landlord and the monthly rent they achieve on
the property, minus time, and expenses.