Home/Developers/Block Lettings
Blocks & Phases
A whole block, one agreement.
Rather than drip a completed phase into a slow sales market, let it as a whole under a single agreement — and read our note on covenant before you decide, because on a block it matters.
The Offer
One counterparty for the whole phase.
Selling a completed phase plot by plot into a slow market means holding costs on every unsold unit and steady pressure to discount. Letting it as a whole puts one agreement and one payer against the entire phase, with the void risk sitting on our side of the line rather than yours.
- A single agreement covering the phase rather than a stack of individual lettings
- One monthly payment, on the same date, regardless of unit-by-unit occupancy
- Agreed break provisions so you can take units back if the sales market turns
- Schedule of condition across the phase at handover, and an agreed handback standard
- A phased take-up option, so both sides can prove the arrangement before scaling it
The Detail
Read this part before you plan around it.
A block agreement is only worth what the tenant behind it is worth, and we would rather you tested that now than after you have built a cashflow on it.
- Maine Property Solutions Ltd, Company No. 16187542 — run the check, we will help you do it
- We operate two properties today and have not yet run a developer scheme
- On anything substantial, expect a deposit, a guarantee or a shorter first term to be part of the conversation
- A phased start is usually the sensible structure, not a sign of reluctance
- If the scheme is beyond us we will say so early rather than tie up your programme
Straight Answers
Where we actually are.
You are going to run a credit check on us before you sign anything, so you may as well hear this from us first. Maine Property Solutions Ltd is a young company. We operate two properties of our own, in Coventry, and we have not yet run a developer scheme. What we are offering you is a contract, not a track record — so please treat it like one.
- Check our covenant before you rely on the rent. Company No. 16187542. Ask us for our filed position and we will send it without being asked twice.
- A single unit is straightforward. One company let, one monthly payment, and the exposure on both sides is small enough to be sensible.
- A block or a phase should get a harder look. Expect us to discuss a rent deposit, a guarantee or a shorter initial term. We would ask for exactly the same in your position.
- We are not your sales agent. We do not market units for sale, we do not buy stock, and we will say so on the first call rather than three weeks in.
Nothing on this page is a valuation, a financial promotion or investment advice. Any figures discussed are specific to the scheme in front of us and are agreed in writing before either side commits.
Tell Us About It
Send us the scheme.
Unit count, location, completion date and what you need to happen. We will come back with whether it is something we can take, what shape the agreement would be, and an honest answer if it is not for us.
- No fee to talk to us and nothing to sign to get an answer
- A straight yes or no on whether it fits — we would rather decline early than waste your programme
- Terms agreed in writing before either side commits to anything
Prefer to talk? 02477 450677 or WhatsApp us — Mon–Fri 9–6, Sat 10–2.
Your Questions
Block lettings, answered.
How big a block can you actually take?
Honestly: smaller than you might hope. We operate two properties of our own today, so a whole-block agreement is a serious step up for us and you should price that risk rather than take our word for it. Send it anyway. We will tell you plainly whether it is beyond us, and if it is, we will say so on the first call.
What would you expect on a larger scheme?
Expect us to discuss a rent deposit, a guarantee, a shorter initial term, or a phased take-up where we prove the arrangement on a handful of units before committing to the rest. We would ask for the same in your position and we are not going to be offended by it.
Do you take on the block management as well?
Block management — the freeholder-side job of running communal areas, collecting service charge and handling the building's own compliance — is a separate discipline and not what we are offering. We are talking about occupying and running the residential units. If your block needs a managing agent, that is a different appointment.
Can you take a phase rather than the whole thing?
Usually a better idea for both of us. A completed phase is a cleaner unit of risk than a whole scheme, and it lets both sides find out how the arrangement works in practice before anyone commits to the rest.