Guaranteed rent is a low risk solution that allows a landlord or property developer to hand over the letting and management of their property to a letting agent. The properties are usually large blocks of flats but they can be any property. The letting agents will then guarantee the rent to the landlord or developer because they can fill the units with tenants fast. Depending on the deal, the agency may take care of the management of the property as well, including services like cleaning, maintenance and more. It allows developers to diversify their portfolios and reduce the risk of leaving the property empty.