What is Landlord Rent Protect Service?
Landlord Rent Protect Service is a type of insurance policy or scheme that protects landlords from financial losses if tenants don't pay their rent.
How does Landlord Rent Protect Service work?
At a glance
- Covers the whole property meaning the protection continues even when/if the tenants change (subject to referencing criteria).
- Covers the total monthly rent and missed rental payments until vacant possession of the property - or for up to 24 months, whichever comes first.
- Up to three months rental payments at 75% following vacant possession in the event the property is not marketable due to damages caused by previous occupants.Professional costs up to £100,000 to cover eviction costs of the tenant for certain breaches of their tenancy agreement.
- Claims, court representation, and pre-action protocols are all handled between us as your agent and the insurer.
- Enhanced Rent Protection now includes coverage for professional costs incurred during Section 13 First-tier Tribunal disputes, ensuring landlords have legal backing when defending valid rent increases.
Speak to our lettings team about setting up Rent Protect for your property.