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Developers in Watford
Watford stock that is not earning.
An empty Watford 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
Where we can help.
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
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 block or completed phase let and run under one agreement, rather than sold plot by plot into a slow market. How this works →
Watford
What drives the number
We price the scheme in front of us rather than the postcode. Two developments a mile apart can support very different figures once access, parking, service charge and layout are taken into account.
Watford
What actually happens
Handover runs off a schedule of condition with photographs, agreed by both sides on the day. It is the document that settles every argument about wear and tear before there is one.
Watford
Who this suits — and who it doesn't
It is a poor fit for a property that needs substantial work first. That is a different conversation and usually a different service.
Watford
The paperwork that has to be right
Anything that is the owner's statutory responsibility stays the owner's responsibility, and the agreement says which items those are.
Watford
Things we don't do
We do not chase volume for its own sake. A property taken on badly costs more than it earns.
Watford
How to begin
We would rather spend longer on the first conversation and less on fixing a misunderstanding later.
Coverage
We also cover these nearby
Check Us Properly
A counterparty you can check.
Give us the same scrutiny you would give any new counterparty: the company's filed position, the agreement itself and how the rent is secured. Company No. 16187542: we will hand over what you need to check it properly. On larger schemes 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
Before you send us a Watford scheme.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Watford 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 Watford 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 Watford 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.