Home/Developers/East of England/Luton
Developers in Luton
Luton stock that is not earning.
An empty Luton 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
The three arrangements.
Unsold & Slow-Moving Units
Finished units producing income while they sit on the market, with vacant possession returned on agreed notice. How this works →
Site Team Accommodation
Somewhere sensible for a travelling crew to stay, with kitchen and laundry, run by us and billed to the company. How this works →
Whole Block or Phase
A completed phase taken as a unit, with break provisions so you can pull units back if the sales market turns. How this works →
Luton
How the figure is reached
A figure quoted before anyone has looked at the scheme is a guess. We would rather take a day and give you a number we can hold for the full term than win the conversation with something we quietly revise in month seven.
Luton
How it runs day to day
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.
Luton
Who gets the most from it
It is a poor fit for a property that needs substantial work first. That is a different conversation and usually a different service.
Luton
The paperwork that has to be right
Compliance is not optional and it is not quick to retro-fit. Gas safety, electrical condition, fire equipment and the right insurance all need to be in place before anything goes live, and a missing certificate is the most common cause of a delayed start.
Luton
What we won't do
We do not present an estimate as a measurement. Where a figure is an estimate, it is labelled as one.
Luton
Where to start
Send the property details and any photographs or an online link. That is usually enough for a first view on whether it is worth going further.
Coverage
We also cover these nearby
Straight Answers
The part that does not flatter us.
Maine Property Solutions Ltd is a young company. We operate two properties of our own and we have not yet run a developer scheme, so what we are offering is a contract rather than a track record. Run your covenant check before you rely on the rent. Company No. 16187542, and we will hand over what you need to check it properly. On larger schemes a deposit, a guarantee or a staged take-up is the normal answer, not a sign of reluctance.
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
What developers ask us about Luton.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Luton 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 Luton units for sale?
Yes, and most developers do. A break clause lets you recover vacant possession on an agreed notice period once you have a buyer, and viewings are arranged with reasonable notice.
Is this an AST?
No. It is a company let: Maine Property Solutions Ltd becomes the tenant and carries the rent obligation. Your solicitor should read the agreement before you sign it, and we would expect them to.
How many Luton units would you take?
A single unit is straightforward. A whole block is a bigger step and will get a more cautious answer, because we are a small company - we would rather say that on the first call than three weeks into your programme.
Who are you?
Maine Property Solutions Ltd, Companies House number 16187542, registered office Office 1, Izabella House, 24-26 Regent Place, Birmingham B1 3NJ.