Yep… You read it correct, free rent guarantee insurance with every new full management listing.
We have access to a range of products including guarantees for all tenants including tenants who are currently receiving housing benefit. All are available for either a 6 or 12 month term and have zero excess. They also include cover for legal expenses in the event that you tenant does not vacate the premises. Our rent guarantee warranties are subject to our own satisfactory tenant referencing.
Each policy is tailor made to suit your tenant and the type of tenancy you have, rent guarantee is the perfect piece of mind, loss of earnings due to a tenant not paying the rent can have a huge financial impact on you as a landlord, this insurance is there to cover those difficult times in the eventuality that your tenant has not made the rent.
We also offer –
All of our potential tenants undergo comprehensive referencing via Let Alliance. The three key areas where a tenant can fail referencing are:
- Affordability, a tenant needs to earn at least 2.5 times their share of the rent.
- Bad credit, if a tenant has a bad credit history, for example CCJ’s they will fail the referencing process.
- A bad reference from a previous landlord or managing agent.
If a tenant requires a guarantor, the guarantor must earn at least 3 times the rent and have a clear credit history for the last 6 years. Unfortunately where a guarantor is required we are unable to offer either the tenant evict or rent guarantee products.
Tenant liability insurance
You may have read on our landlord services page that we also ensure that your prospective tenants are covered for accidental damage to your fixtures and fittings. This can help maintain their deposit at the end of the tenancy and ensures that you don’t have to claim on your landlord insurance. There is no excess for the tenant to pay and claims can be made between £100 & £2,500.