NRLA and RentGuarantor Forge Closer Partnership: What London Landlords Need to Know

What Has Changed?

The NRLA, the UK’s largest landlord membership organisation, has announced a closer partnership with RentGuarantor, a provider of rent guarantee and tenant referencing services. Previously, RentGuarantor was a recognised supplier to NRLA members, but the new arrangement signals a more integrated collaboration.

Why This Matters to Landlords

While this partnership does not introduce new legal obligations or compliance requirements, it may influence the range and quality of rent guarantee products and tenant referencing tools available through the NRLA. RentGuarantor specialises in offering landlords a way to mitigate rent arrears risk by providing guarantees backed by tenants’ family members or guarantors when tenants themselves do not meet traditional affordability criteria.

For London landlords, where rental arrears and tenant affordability challenges can be particularly acute due to high rents, such services could be a valuable risk management tool.

Practical Implications Across Landlord Profiles

• Single-Unit Landlords: May find it easier to secure rent guarantees for tenants who might otherwise be declined, helping reduce void periods and arrears risk.
• HMO Landlords: Given the complexity of multiple tenants, rent guarantee products may be more limited, but referencing and guarantor services could still streamline tenant vetting.
• Portfolio Landlords: Those with larger portfolios may benefit from more tailored or bulk service offerings arising from the partnership, potentially improving operational efficiencies.
• Accidental Landlords: Novices in lettings can gain from simplified access to rent guarantee schemes and clearer guidance through NRLA-endorsed channels.

What Landlords Should Do Now

1. Review Current RentGuarantor Arrangements: If you already use RentGuarantor services, look out for updates to terms, pricing, or service features stemming from this closer partnership.

2. Evaluate Your Risk Management Strategy: Consider whether adding or expanding rent guarantee solutions fits your portfolio’s risk profile, especially if you have experienced arrears or tenant referencing challenges.

3. Engage with NRLA Communications: The NRLA will likely announce new offers or service enhancements—keep an eye on their member communications and webinars for detailed briefings.

4. Discuss with Your Letting Agent: If you use agents, ask how this partnership might affect tenant vetting or rent guarantee options they can offer.

5. Benchmark Locally: When considering new products, compare costs and coverage with existing protections and assess local tenant profiles and arrears rates.

How Rentals & Sales Can Assist

Our team specialises in helping London landlords navigate evolving service landscapes. We offer:

• Portfolio reviews to identify where rent guarantee products might reduce risk.
• Compliance audits to ensure tenancy processes align with best practices.
• Pricing strategy consultations factoring in risk mitigation and market conditions.

Contact us to schedule a tailored consultation.

Disclaimer: This article does not constitute legal advice. Landlords should consult qualified professionals for specific compliance or contractual queries.