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RentGuarantor Holdings PLC on Friday said it has entered into a three year agreement with X1 Property Management Ltd, a residential and student letting company.
RentGuarantor is a London-based provider of rent guarantee services in the UK private rental sector. A rent guarantor is a person or company that agrees to pay if the person renting a property does not.
Under the partnership, X1 will promote RentGuarantor ‘with bespoke marketing materials’ to residential tenants including students.
X1 is in its tenth year of operations and is the appointed management agency for approximately 4,000 properties across the UK. RentGuarantor added that X1 is a ‘market leader’ for student and residential accommodation in Liverpool, Manchester, Leeds and Chatham, Kent.
Chief Executive Officer Paul Foy said: ‘This partnership is another positive step forward for the Company, allowing us to further expand our revenue streams and broaden our access to the student lettings market.’
Shares in RentGuarantor were flat at 185.00 pence each in London on Friday morning.
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