Rent Guarantee protects the Landlord’s Rental Income if a tenant suddenly stops paying the rent. PLUS your Insurers will handle all of the legalities from start to finish if you need to evict a Tenant.
You could get total income protection up to £ 30,000 depending on your monthly rental income cover PLUS £ 25,000 of Legal & Eviction costs which are arranged by the Insurer. It's not tenancy specific so you could have two separate lots of tenants (on 6 months AST) over a 12 month period.
Any Landlord or Agent wanting to protect their Rental Income when the Tenant won’t pay.
From 1st Feb 2016 a new scheme is being rolled out across the whole of England.
A Landlord or Agent MUST legally check that their tenant has a right to rent and be in the UK by verifying their passport, checking the visa and authenticity as best they can. Landlords letting to any overseas visitors have to comply with this legislation and failure to do so could result in being legally chanllenged by the authorities.
This product covers legal costs if a landlord or agent who believes they have followed the rules, results in being taken to court and incurring costs and stress of defending themselves.
Click here to find out more about the new rules.