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Developers in Frome
Frome stock that is not earning.
An empty Frome unit still costs finance, council tax and service charge every month it stands there. We take it on a company let and pay a fixed monthly rent instead.
Three Ways We Work
Three ways we work with developers.
Unsold & Slow-Moving Units
Completed stock taken on a company let with a fixed monthly rent and a break clause, so you keep vacant possession for a sale. How this works →
Site Team Accommodation
Beds for the people building it: your team together, near site, on one account that invoices once a month. How this works →
Whole Block or Phase
One agreement and one payer across a whole phase, instead of a stack of individual lettings and holding costs. How this works →
Frome
How the figure is reached
The rent we can commit to comes from what the units would realistically let for across the whole term, less what it costs to run them and the value of carrying the void risk. It is arithmetic on a specific scheme, not a percentage applied to an asking price.
Frome
What to expect once it starts
Heads of terms come before lawyers. Rent, term, break provisions, condition standards and who holds which obligation are agreed in plain language first, so the drafting is a formality rather than a negotiation.
Frome
Where this fits, and where it doesn't
It suits someone who values a predictable outcome over an occasional excellent month. If the excellent month is the point, a different model fits better.
Frome
The paperwork that has to be right
Certificates are held centrally and renewed before expiry rather than after a reminder from somebody else.
Frome
Where we draw the line
We do not chase volume for its own sake. A property taken on badly costs more than it earns.
Frome
How to begin
Getting in touch costs nothing and commits to nothing. That is not a sales line; it is how the process is set up.
Coverage
Nearby towns we also cover
Check Us Properly
Everything in writing, everything checkable.
Covenant first, plan second. Examine the company and the agreement before any of this goes into a funder's pack. Company No. 16187542: we will hand over what you need to check it properly. For a block or a phase, expect security proportionate to the scheme to be agreed in writing before anything starts.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
Before you send us a Frome scheme.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Frome unit sits empty?
Yes. The rent is a fixed monthly sum under the agreement, payable whether or not anyone is staying in the property. The void risk moves to us, which is why the figure sits below the best a unit might achieve in a strong month.
Can we keep marketing the Frome units for sale?
Yes. Most developers do. A break clause lets you recover vacant possession on an agreed notice period once you have a buyer. Viewings are arranged with reasonable notice.
Is this an AST?
No. It is a company let agreement: Maine Property Solutions Ltd becomes the lessee and carries the rent obligation. Your solicitor should read the agreement before you sign it.
How many Frome units would you take?
A single unit is straightforward. A whole block usually starts in stages: a first group of units on one company let agreement, with the rest following on agreed terms.
Who are you?
Maine Property Solutions Ltd, Companies House number 16187542, registered office Office 1, Izabella House, 24-26 Regent Place, Birmingham B1 3NJ.