1. Rent Guarantee & Legal Expenses Cover: Rent payment protection.
2. Guaranteed Rent On Time & Legal Cover: Get paid on time regardless.
1. RENT GUARANTEE & LEGAL EXPENSES PROTECTION
This option protects landlords against the loss of rent and covers legal expenses. So if your tenant becomes unable to pay then this policy can protect you, paying your rent one month rent in arrears. The legal process (and costs) of removing tenants who don't fulfill their obligations under the tenancy agreement are also included.
This service costs £15 per month and would be deducted from your rent each month.
Designed to offer a superior level of protection compared to comparable products.
The main features include:
2. GUARANTEED RENT ON TIME COLLECTION & LEGAL EXPENSES SERVICE
You might choose this option if you prefer to manage your own tenancy but still want the assurance of your rent being paid on time. We would pay the rent to you when it's due, regardless whether the tenant is late paying the rent or fails to pay. The tenant would pay our provider, who will also chase the tenant in the event of late or non payment and deal with the legal process if necessary.
We would deduct 8% + vat (9.6%) from the monthly rent for this service.
These enhanced levels of protection are provided by our partner Van Mildert and underwritten by International InsuranceCompany of Hanover SE