Finished stock, earning while it waits
If you have finished units that are not yet sold or let, I can take them on. Either my company takes them on a company let for an agreed term and pays you a fixed rent, or I manage them for you. Terms are agreed per scheme, after I have seen the units, in a solicitor-drafted agreement.
Built, but not yet earning
Slow sales leave good units empty. That costs you money every month and ties up your team.
Finished units, no income
The build is done but the sales are slower than the plan. Every empty month adds finance cost, service charges and council tax.
Letting is a different business
You build well. Finding occupiers, managing them and keeping up with letting rules is a separate job, and it pulls your team off the next site.
You may still want to sell
A standard tenancy can make vacant possession hard to get back. You need an arrangement that fits the exit you have in mind.
What I offer
Two ways to work together. The right one depends on your finance, your exit plan and how much of the rental upside you want to keep.
Company let
A fixed rent from my company for an agreed term
My company takes the finished units on a company let and pays you the agreed rent whether or not they are occupied. I find, house and look after the occupiers.
- Rent agreed per unit after I have viewed them
- Rent paid in advance where we agree it in the agreement
- Term and break clauses set around your sales plan
- How and when units come back to you agreed before you sign
- I handle the occupiers and the compliance that comes with them
Management agreement
You keep the rent; I run the units for a fee
If you would rather keep the rental upside while you wait for the right buyer, I manage the units for you and report back clearly.
- Finding and checking occupiers
- Rent collection and monthly reporting
- Snagging and maintenance coordinated with your team or mine
- Safety certificates and licence conditions tracked
- Fee agreed per scheme after a viewing
How it works
- 01
Tell me about the stock
Use the form below. Location, number and type of units, completion status and what you would ideally like to happen to them.
- 02
I view the units
I look at the units, the building and the paperwork, and tell you plainly whether either option suits them.
- 03
Written proposal
If it fits, I send you the terms: the option, the units, the term and breaks, the rent or fee, and who is responsible for what.
- 04
Consents
You confirm your lender's written consent if finance is still in place, any consent the freehold or management company needs, and your insurance.
- 05
Solicitor-drafted agreement
The agreement is drafted by a solicitor. I recommend your own solicitor checks it before you sign.
- 06
Handover and reporting
I take over the day-to-day and keep you updated in writing, including on any units you want back for a sale.
What you need in place
These protect you as much as me. If something isn't in place yet, tell me and we'll see whether it can be.
- Practical completion, with building control sign-off for the units being let
- Written consent from your development or term lender, if finance is still secured on the units
- Freeholder or management company consent where the structure needs it
- Insurance that covers the units being let, with your insurer told about the arrangement
- Current gas safety certificate (where there is gas), electrical certificate and EPC for each unit
- The right planning use for how the units will be occupied
I can't advise on your finance documents, lease structure or warranty. Your own solicitor, lender and broker should confirm each of these.
Why talk to me
I know both sides of a company let
My own Brighton house was let to an operator on a company let paying a fixed rent. I now run it myself. I know what a fair agreement looks like for the owner and for the operator.
I run property day to day
I hold the HMO licence for that house and manage it myself: occupiers, safety checks, licence conditions and repairs.
20 years in corporate housing
I held director roles at Roomspace and The Apartment Service, where housing people in rented homes was the business.
Questions owners ask
How much rent will you pay per unit?
I don't quote a figure until I have seen the units. It depends on the location, the specification and the term. You get it in writing in the proposal before anything is signed.
Can I still sell the units?
Yes. We agree up front which units can come back, when, and on what notice, so the arrangement works with your sales plan rather than against it.
How many units can you take?
Estate Plan is founder-led and small. I would rather start with a few units and do them well than take a whole scheme on day one. Tell me what you have and I'll be straight about what I can take on.
Do I carry any risk?
Yes, some. You still own the units, so your lender, freeholder and insurer need to know. Repair responsibilities, including any defects still under warranty, are split in the agreement. Since the Renters' Rights Act, an owner can in some cases face a claim if the person running the property breaks the rules, which is why compliance is the first thing I sort out.
Who deals with licensing and safety?
I handle the licensing and compliance for the occupiers I place in your units, and the agreement records who holds any licence. Building items stay with the owner and are set out clearly.
Is this legal or tax advice?
No. I can explain how I work, but take your own legal and tax advice, including on how letting affects your sales and your finance.
This page is general information, not legal, tax or financial advice. Every arrangement depends on the property and on a written agreement. Please take your own legal advice before signing anything.
Tell me about your units
A short note is enough. I'll reply personally and, if it looks like a fit, arrange a viewing.
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