Main Heading

Home Landlord Info Student Studios UK Coverage Contact Us

 

Developers & Property Managers

Time to compete for the International student market.


U.K. universities & major language schools already use domicile guarantor agreements & agents.

Universities in China also insist on parental guarantor agreements for their accommodation,

Chinese law acknowledges  parental guarantor agreements, and tenancy agreements.

There are around 78,000 students from China & Hong Kong, that study in the U.K.

 

News -  June 2014

International Guarantor 

'' Largest private student management company in the UK are now considering providing this service to all students who cannot provide a suitable or qualified UK Guarantor. This means the Instalment Option may now be available to International Students. ''

  

Supporting competitive pricing models

The student guarantor allows you the freedom to consider easy to use payments to attract Students from Hong Kong & China as part of your marketing strategy.

Some developers are already offering monthly payments in 2014 to out-compete the competition

1) Use your bespoke Tenancy Agreement/s ( by arrangement )  / or free standard tenancy agreements provided.

2) We promote your flats direct to Chinese students with competitive pricing structure

3) You have the back up of parental guarantor/s in Hong Kong & China

 

 

Win More Business

 

You can offer students monthly rent payments with a parental guarantor

 

Prevent Damage

 

 

 

 

 

 

Actionable Rent Guarantor in China & Hong Kong

Rent - Parental Guarantor

 

 

 

 

 

 

3 Academic Terms contractual held ( full year ) - even if student leaves UK early

Visa Revoked

 

 

 

 

 

Student held liable for full rental for the full term of the tenancy agreement, even if they leave the U.K.

eg: they fail exams , lost Visa status, no longer want to study due to poor grades...etc

 

 

 

Milliken & Craig Group

Your highly professional agent based in China & Hong Kong, with an impeccable record, impressive blue chip client list, and who understand your requirements.

'We are a market leader in Hong Kong & China credit control & debt recovery as well as international collection and have an expanding global coverage.  Our proven track record, has been built by a dedication to providing the best practice in risk and credit management services in China'.

- James Lim. Partner Milliken & Craig.

FAQ's

 

Clients include:

 

 

Milliken & Craig are members of the ACA International the largest trade group representing the credit control industry in the world, based in the U.S. and 55 countries around the Globe.

We have a ' blue chip ' client list that illustrates our excellent market positioning - Scroll through our M&C Client List

Multi-national companies such as: DHL , FED EX , Hewlett & Packard, as well as Banks such as HSBC, all use credit control companies to back up their international trade. The student apartment market has certainly come of age and represents a large global market. - Student developers collectively form this large student housing sector.

Our service will keep you competitive and protect your business into the future , against upheavals in global economies.

 

 

Skyline Towers Hong Kong    Legal Controls For : 

   

    Rent.   

    Dilapidation beyond fair wear and tear.

    Leaving early before end of tenancy term.

    Overspend on capped utility allowances.

 

 

    Protect your rental income & operational costs. 

    Support your sales of student flats to investor purchasers.

    Support your funding applications to institutional lenders.

 

       Backed up by one of the largest credit control companies in the Far East, Milliken & Craig.

 

 

Quick & easy online platform by Landlord Direct Online.

Milliken & Craig represents one of the largest groups of credit control agents in China and Hong Kong and they have been working to come up with a solution for U.K. letting agents and developers.

They have set up an easy to use online platform for letting agents, which generates a copy of your tenancy agreement and a Guarantor Agreement all translated and checked for compliance that is emailed to the student’s parent in China or Hong Kong.

One of their agents will then visit the parent to witness the Guarantor Agreement , carry out I.D. checks, and then will send the completed form back to the letting agent for their records.

There are no charges to developers and managers to set up the binding Guarantor Agreement, but there is a processing fee paid by the parent.

For Chinese parents to send their son or daughter to a U.K. university they will have to be in a sound financial position to pass the university and immigration financial criteria, and student visas are not awarded until financial checks have been carried out.

The collection of rent arrears or other associated costs are therefore viewed very much as a ‘soft debt’ and in most cases it will be a simple matter of reminding parental guarantors that they are subject to a Guarantor Agreement, and making them aware of the debt and the conduct of their student son or daughter.

 

 

To find out more about our parental guarantor service...

Please contact our U.K. project manager Landlord Direct

Landlord Direct is employed to design an online platform for developers and agents to access the new China Guarantor Service.

They are ready to receive your calls and answer any questions you might have regarding the Guarantor Service. Please contact:

 

   FRED LAW -  Please contact our Hong Kong project manager Fred Law : fred@millikenandcraig.com

 

 

LAW (GM, Hong Kong)

  • Mr.Fred LAW joined Milliken & Craig Group in 2012, overseeing the group’s business operations in Hong Kong and Southern China. Prior to joining Milliken & Craig, Mr.Law served in a senior managerial capacity with several leading publicly listed multinational corporations. He was a Senior Manager, Finance Controller at FedEx. His seven years there were spent overseeing a large team of professional agents and direct managers dealing with Accounting, Invoicing, Credit and Collection across Mainland China. Over the course of his career, he has also won a number of prestigious awards and accolades including the FedEx Group’s coveted “Five Star Award for Excellence”.
  • Over the years, Mr. Law has been invited to deliver keynote speeches by several high-profile organizations such as the Hong Kong Export Credit Insurance Corporation (ECIC) and the Hong Kong General Chamber of Commerce (HKGCC). Topics he has covered during these addresses include “Debt Recovery and Litigation in US and European markets” and “International Debt Collections and Debt Recovery”.

 

No debt is underwritten, this is not a finance or insurance product, you will be working with one of the largest credit control companies operating in the Far East with an excellent track record in credit control and collection in China and Hong Kong.

China Debt Recovery


To find out more

Please contact our U.K. project manager Landlord Direct

Mark Hutchings Tel: 0115 969 6355 or email : mark@landlorddirect.com