Did you know?
29 June 2023Even 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
- Legal defence up to a maximum of £50,000
- Hotel expenses of up to £50 per day