Why bother with Rent Protection?
When you rent out your property you want to be sure that you are covered against all eventualities should your tenant suddenly become unable or unwilling to pay you your rent. This could happen for a variety of reasons, such as ill health or redundancy and in this day and age it is vital that you make provision for this.
This legislation applies to UK nationals too, so don’t get caught out!
Risks faced by landlords
Whilst it is vital a landlord follows a strict referencing procedure, they may still find they have a tenant who doesn't look after the property, doesn't pay rent on time or pay the rent at all in some instances.
This policy has been designed to resolve these problems and assist the landlord in repossessing the property and pursuing tenants for unpaid rent.
In addition this policy will also compensate for rent arrears while a tenant or ex tenant remains in the property, or where they have vacated the property but left it in a dilapidated state and unfit to re-let.
Problems exist outside of tenancy agreements that can’t be predicted, such as squatters and external damage to the property. This policy will help in taking the appropriate legal action in both of these circumstances.
How Rent Guardian can help
For many tenancy disputes, DAS will be able to negotiate a full settlement of the landlord's claim. However, if this is not possible they will refer the matter to a solicitor for further action and will pay legal costs of up to £50,000.
This policy also covers hotel expenses up to £150 per day, for a maximum of 30 days, and storage costs of up to £10 a day for a maximum of 4 weeks.
RentGuardian also provides access to discounted tenant referencing and our 24 hour helpline service includes EuroLaw Legal Advice, UK Tax Advice, Domestic Assistance and a Counselling Service.