A guaranteed rental is a transaction whereby Triton Properties acquires a property in order to rent it out on a retail basis (i.e., nightly or weekly, and or Monthly), typically our rental manager, rents from the owner of the property a large block of time, typically several months or even years.
Through the transaction, Triton Property provides the owner of the property with a guaranteed sum over the term of the contract. The acquirer then has the right to rent the property in question out on a retail basis, keeping all related revenues.
This transaction is popular with parties seeking to shift the risk and/or management burden associated with renting property. Such a transaction is similar to leaseback arrangements more frequently used by property developers.
Triton Properties would ensure the property through a policyholder to protect the Owner