Garant Service
We will rent the flat from you, we will pay a guaranteed monthly rent in all circumstances and you leave all your worries to us. We enter into direct contracts with subtenants. You need not worry if the subtenant fails to pay the rent, or your flat remains unoccupied for a while – we bear the risk. We offer this service mostly for premium properties in the centre of the citry, near metro stations or for newly contructed units.
No worries. Full stop.
Buying a property is a safe investment with long-term growth, but also involves a lot of worries associated with its renting. How to properly furnish the flat? How to take the right photos of it? How to choose a reliable tenant? What about repairs? How to deal with bills and tax returns? What to do if the tenant destroys something or stops paying the rent but does not want to move out?
We bear full responsibility and risk. We will rent the property from you and we will deal with all issues including complaints and claims in case of new buildings. You regularly collect the agreed monthly amount. You do not have to worry that you will not have the funds to make your mortgage payment and your investment will be well taken care of even if you are on the other side of the globe.
#we take full responsibility
#and we save your time
time spent renting your flat managed by FLAT SERVICE
0 hours/year
time spent renting your flat on your own
60 hours/year
Services included in flat management
- Guaranteed rent payment even if the flat is not occupied
- Finding and vetting a solvent subtenant
- Drawing up sublease agreements
- Official handover of the flat to the subtenant and transfer of utilities without the participation of the landlord
- Legal aid during the whole sublease term
- Continuous inspection of the condition of the flat during the sublease
- Recovery of arrears, rent due and costs for eviction of the defaulter
- Changes, amendments and termination of the sublease agreement
- Acceptance of the flat from the subtenant and checking the condition of the flat
Additional services
- Regular and one-off cleaning
- Residential architect services and furniture furnishing
- Reconstruction and architectural work
- Representation at owners’ meetings
- Based on agreement, collecting and scanning your mail or forwarding it
- Rental income tax return
How much does it cost?
We charge
15% of the agreed monthly rent for premium Garant Service
EXAMPLE
monthly rent: CZK 20,000 | you receive: CZK 17,000
Flat managed by FLAT SERVICE
Flat occupancy during the year
100 %
Net annual rent for the flat managed by Flat service: CZK 204,000
Flat managed by owner
78 % *
Net annual rent for the flat managed by owner: CZK 187,200 + extra worries
*Depending on the length of the search and non-paying tenants. This is an average.
We have to deal with the occupancy of the flat and you need not worry about whether there is a subtenant in the flat or not. Each month you will receive the agreed sum to your account.
How do you check the tenants?
Unlike most of our competitors, we check any future tenants in bank and non-bank registers and in the register of foreclosures and insolvency debtors. We always get to know each tenant in person first; we want to know, for example, where they work and what interests they have.
Who will pay owners association fees and utility bills?
Fees to Owners Associations remain up to the owner of the flat. Upon agreement, we can send the fees on your behalf.
We always recommend transferring energy charges (gas, electricity) to the tenant. The tenant then reimburses most of these costs together with the rent in the form of a deposit for the services provided.
What if we manage to sublease the flat for a higher price than previously agreed?
It’s simple – we will share the amount in excess of the guaranteed rent with you. For example, if the agreed amount is CZK 20,000, we would send you CZK 17,000 after deducting our commission. But if we rent the flat for CZK 25,000, we will send you CZK 19,500. The procedure is the same even if the price of the sublease increases over time
What they say about us...
Rental of 3-room flat with kitchen corner, Prague 3 - Vinohrady
They have an "excellent nose" for people - for 7 years, I have always had decent tenants who pay on time and treat my property as if it were their own. Tenants change seamlessly, so I don't lose rental income unnecessarily. Flat Service are, in short, experienced professionals who can also provide good advice on renovations or purchases of new furnishings and equipment.
Hana P., IT Consultant
Rental of 2-room flat with kitchen corner, Prague 5 - Anděl
Because I live abroad, I was looking for an administrator who would be able to provide me with a complete service. Flat Service does just that and at a high level. This company’s people communicate well and always keep their promises without exception. I have confidence in their work and skills - and I enjoy not having to worry about anything.
Markéta Houston, Law Firm Owner (London, UK)
Rental of 1-room flat with kitchen corner, Prague 9 - Střížkov
I switched to Flat Service from the competition, with whom I was not satisfied. I was pleasantly surprised that they had a proven solution for everything that did not work with my previous administrator. In addition, they know the real estate market through and through, regularly review market rental prices and take care of maximizing revenues. I also like the on-line environment, where I have access to all the information about the property (valid leases, payments, amounts due, communication with tenants, etc.).
Vratislav N., Project Coordinator
Rental of 2-room flat with kitchen corner, Prague 9 - Harfa
Thanks to Flat Service, I am sure that our temporary investment flat is well taken care of and used by decent tenants. Flat Service is a trusted partner, who I appreciate especially since I do not live in the Czech Republic. Their services continue to exceed my expectations. On top of this, they have a friendly approach and, if necessary, can advise or represent me in administrative tasks.
Viera K., Accountant (Bratislava, SK)
Rental of 2-room flat with kitchen corner, Prague 10 - Horní Měcholupy
I appreciate that Flat Service respects my complex requirements and does not exclude me from decision-making processes. I was very pleased with the individual approach to the initial negotiations and the investment in improving the services provided. I hope that in the future, Flat Service will expand its services to other cities so that I can recommend them further.
Martina A., IT Consultant
Rental of 1-room flat with kitchen corner, Prague 9 - Střížkov
I didn't want to deal with changes in tenants, money, contracts, house tours. I mainly wanted clear rules and transparency from the manager of my flat. Mr. Bauer and Mrs. Pšeničková repeatedly convince me that Flat Service was a good choice. Communication is open, without the use of any sneaky tactics, they can quickly solve any issues, provide advice, explain and arrange everything that is needed.
Markéta K., Physiotherapist
Rental of 1-room flat with kitchen corner, Prague 10 - Uhnříněves
Speed, professionalism, helpfulness - these are the qualities that Flat Service represents to me. I moved to the other end of the country and needed to rent my flat quickly. If possible, in a hassle-free way. Flat Service got a solid tenant within two days and since then, I have felt sure that my flat is being taken care of. I am happy to recommend their services to friends.
Marie Langová, Physiotherapist
Rental of 1-room flat with kitchen corner, Praha 5 – Smíchov
I can highly recommend Flat Service for reliability, excellent communication and flexibility. Even during the Covid 19 crisis, they were flexible and managed to find new tenants, so I didn't lose out on any rental income. Their standard also includes things that are considered above standard elsewhere - for example, the willingness to provide local services or to buy furniture cheaply. I was initially sceptical about how remote administration would work. Flat Service convinced me that it can, very well in fact.
Roman K., School Principal
