Even if your tenant defaults on their rental payments you can claim for lost rent and in some cases for legal costs towards eviction cases.
Even the most reliable tenants can experience financial difficulties, which can result in arrears. It can take over six months to evict a tenant and a great deal of rent can be lost during that time. With the cost-of-living crisis along with the energy price hikes, it’s never been more important for landlords to protect their income.
How it works:
Home Minders have negotiated a cost-effective arrangement with a reputable insurance broker who can offer a tailored solution to individual needs providing clients peace of mind, even if tenants fall behind in their payments. With our rent protection insurance our clients can make a claim once rent is overdue by two months. Just one more example of Home Minders helping its clients adjust to the ever-changing climate of the lettings industry.
What’s covered:
24/7 Free Legal Advice Helpline
Professional legal fees up to a maximum of £50,000 re a breach of tenancy agreement and eviction
Unpaid rent up to a maximum of £2,500 per month for a period of 12 months
