Lower Costs. Higher income. More certainty.
Get tenants that have skin in the game who will treat the property like their own.
We offer landlords
The adjoin tenancy. The modern way to rent out your property.
We put landlords and tenants in the same team and create a win-win situation for both. Landlords enjoy higher rent, lower void periods and have a buyer in place. Tenants earn while they rent and have the option to buy the property in the future.
Keep all the rent you make and sell without any commissions
Seemless switch
The transition from a standard to an adjoin rental agreement is streamlined by our automated offer process. The contract is created by an expert legal team.
More rent with less hassle
You receive 100% of the standard rent of the property, even if we fully manage it. You also maintain 100% of the property ownership throughout the contract.
Skin in the game
With adjoin, your tenants earn only when the property price goes up. This makes them care about the property even more, reducing expenses for you, the landlord.
Testimonials
Supported by
A landlord’s steps with us
You introduce your property to adjoin
As an existing landlord you let us know which property you want to rent out using the adjoin agreement. You choose the duration of the tenancy.
We vet your property
Using our in-house combination of human and Artificial Intelligence expertise we evaluate the property from an investment and a maintenance perspective. This determines the pricing in the contract; who gets what.
We source the tenant
Once we give the green-light for the property we find you a tenant.
We also take care of the management
A partner agent from our trusted network will manage the property. No hassle for you, whatsoever!
You have less expenses
The adjoin contract gives enough financial incentives to the tenant so that they take care of the property as if it was theirs. Essentially, the tenant is an in-house property manager.
You already have a buyer
You don’t need to pay sales commissions any or face lengthy sales periods. The prospective buyer already lives in the property. And you will never sell lower than a pre-agreed minimum price.
Who is this for?
Everyone really. But specially designed for…
Accidental Landlords
Do you find yourself with a property that you may have to let out? Or you are considering selling it but cannot achieve the price you want? Then our solution offers the best of both worlds: rent out now to your future buyer.
Overseas Landlords
Tired of managing your property from a distance? Especially, when you bought as an investment and not to be a full-time landlord? With adjoin you enjoy hands-free, optimised investment returns.
Entrepreneurial Landlords
Do you want to rent out your property in the modern way that will soon become the norm? Do you want to be ahead of the pack and offer now what tenants really want? Then adjoin us!
Frequently asked questions
Is it OK if I have a mortgage on my property?
Yes it is fine. It is even better if the adjoin agreement coincides with the fixed rate period of your mortgage. If it does not then we need to run a few more checks to make sure the deal we offer you fits with your financial position.
Can the tenant buy the property whenever they want?
You, the landlord, decide the period when the tenant can buy. You do so by setting the minimum and the maximum duration of the adjoin agreement. At any point during this period the tenant can buy.
Can I sell the property whenever I want?
You can sell the property whenever you want as long as the new owner adheres to exactly the same adjoin agreement that you have signed with the tenant. In a sense you sell a tenanted property with a lucrative agreement already in place.
What if the tenant wants to buy during a downturn?
Anytime during the period that you have set the tenant can buy. However, they can only buy at the minimum pre-agreed price.
What is the adjoin wallet?
It is the amount of money the tenant can save when they buy the property or cash out if they decide to leave and not buy. The adjoin wallet grows with the property price. If the price decreases then the wallet has no money. If it increases it has some money.
What fees do I need to pay to adjoin?
Adjoin collects 0.25% of the property price from you at the beginning and when the tenant buys; we keep 50% of the rental premium as standard; we keep another 25% if we find the tenant; and a final 25% if we also manage the property.
What if I am an institutional landlord?
Great stuff! We have a lot of tenants in our waiting list already and expecting even more. Get in touch and we can discuss how we can adapt our model to match your needs.
What price does the tenant pay if they want to buy?
We first determine the market price of the property when they decide to buy. If it is higher than the minimum pre-agreed price then the tenants buys at the market price minus what is in their adjoin wallet (see here). Otherwise, they buy at the minimum price.
What is the minimum purchase price?
It is the lowest price at which the tenant can buy the property in the future. The landlord agrees on that with the tenant at the beginning, no surprises. The intent is to make this fair for both the landlord and the tenant.
What happens if the tenant leaves and doesn’t buy the property?
They may have to pay some exit fees (e.g., to re-list the property). These are decided at the beginning.
Why do I get to a higher monthly income with adjoin?
The tenant is “buying” from you two things, on top of a standard tenancy. First, the right to buy the property. Second, a share of the upside in the property value, which is reflected in their amount in the adjoin wallet.
Why do you say I have lower expenses?
For at least two reasons. First, adjoin tenants want to stay longer in a property and so vacancy rates are lower. Second, adjoin tenants gain when the price goes up so will want to upkeep the property even more.
What if the tenant runs into arrears?
Arrears or any other issues can be dealt with in exactly the same way as in a standard tenancy agreement (the Assured Shorthold Tenancy, AST for short).
Enough talking, let’s see some numbers
Example, hooray!
A 1-bedroom flat in London, with a current value of £500,000, which also serves in this example as the minimum purchase price.
The adjoin rent is £2,400 per month, which includes market rent of £2,000 + premium of £400 for the option to buy later + a share in the property price appreciation.1
Under full management adjoin keeps the £400 premium.
The landlord has a fully-managed property and keeps all the market rent of £2,000.
Your joining fee is £1,250 which includes legal and administrative costs.1 No other costs or fees!
[1] Plus any standard tenancy deposit, e.g., 1-2 months rent.
[2] The landlord also pays an exit fee of £1,400, again simply for legal and administrative costs.
[3] The landlord also pays an exit fee of £1,250.
[4] In the 12% growth scenario.
[5] Relative to receiving market rent and paying an agency 15% for full management.
Disclaimers. No responsibility: The material and information contained in this page is for educational and general information purposes only. You should not rely upon the material or information on this page as a basis for making any financial or any other decisions. adjoin makes no representations or warranties of any kind, express or implied about the completeness, accuracy, reliability, suitability, or availability with respect to this page or the information, products, services or related numbers, tables, figures, external links contained on this page for any purpose. Any reliance you place on such material is therefore strictly at your own risk. Investment: adjoin is not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by adjoin are intended purely as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur. Past Performance: Past performance does not guarantee future results. You should not rely on any past performance as a guarantee of future investment performance. Returns will fluctuate.
An optimal way to sell you property
Let us say the tenant decides to leave in 3 years and the property price has grown by 12% over that period, so it £560,000, now.
Then landlord and tenant share evenly that appreciation.
So if the tenant decides to buy, they do so at price £530,000.2
What if the value drops in 3 years?
Then the tenant can still buy, but only at the pre-agreed minimum set price, here £500,000.3
You never sell for below that minimum!
So, the landlord gets to sell seamlessly without hefty sales’ agent commissions, typically 2%: £11,200,4 delays or stressful negotiations.
The landlord also enjoys the extra rental income: £10,800, so 18% more.5
Our analysis shows that the landlord would have to sell today at a 12% premium to the minimum price, so for £560,000, to match the payoff they get with adjoin.5
What if the tenant doesn’t want to buy?
Then they exit as they would do in any other tenancy. Nothing to worry about.
This is fun. Can I see more?
Of course you can!