LONDON, UK: RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socio-economic spectrum, has entered into a three year agreement with X1 Property management Limited (X1 Lettings), a residential and student letting company.

X1 Lettings will be promoting RentGuarantor with bespoke marketing materials to all residential tenants including students with the intention of generating secure tenants for X1 Lettings’ landlords.

X1 Lettings began life in Liverpool with its first development of student apartments, X1 Borden Court. X1 Lettings is currently in its 10th year of operations and is the appointed management agency for approximately 4000 properties across the UK.

X1 Lettings’ continued rapid expansion and growth has led to it being a market leader for student and residential accommodation in Liverpool, Manchester, Leeds and Chatham, Kent. X1 Lettings lets over 4000 properties. Over 70% of landlords require students to have a guarantor when they rent a property.

Paul Foy, CEO of RentGuarantor, commented: “We are pleased to announce the partnership with X1 Lettings and work begins immediately with the onboarding of tenants and the provision of rent guarantees. 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. I look forward to announcing further partnerships in the future.”

Daniel Godlewski, Senior Account Manager at X1 Lettings, commented: “Our partnership with RentGuarantor will provide our landlords and students with added security and we are eager to get started.”