A recent study by the National Landlords Association has shown that a staggering 90% of landlords do not make allowances for none payment of rent! 17% of these landlords compensate for this using their own savings!
Belvoir Mansfield Sales & Lettings are able to offer a Rent & Legal Expense Guarantee to ensure that your property, and rental income, is protected:
- Full rent protection for the total monthly rent, for up to 4 tenants, as named on the Tenancy Agreement
- Nil excess with the rent paid from the point of the first arrears
- No liaising with insurers or submitting paperwork(we will do all of this for you)
- Rent payable until vacant possession is obtained with no time limit and regardless of when the fixed term tenancy ends
- Legal costs to obtain possession of the property if the tenant fails to pay the rent
- Total claims limit of £50,000
- Covers breaches of the tenancy agreement by the tenant, including non-payment of rent and expired section 21 notices
- Fully transferrable to ensure continuous protection even when tenants change (subject to satisfactory references)
(standalone legal expense cover policy is also available)
As well as the Rent & Legal Guarantee, we have also negotiated a Buildings & Contents policy too. This policy covers such things as;
- Up to £500,000 buildings sum insured as standard (up to £2 million on request)
- Buildings accidental damage include as standard – no charge
- NIL excess option (£250 & £500 excess also available)
- Legal Liability Cover up to £5 million
- Trace & access up to £5,000
- Malicious & accidental damage by tenant option
- Up to 20% loss of rent
- Up to 90 days un-occupancy cover
- Contents cover option up to £50,000 sum insured
- Theft of keys & replacement locks
- Nil excess home emergency cover option (unlimited claims)
- Multiple property portfolio quotes (including discount) available on request
- Alternative accommodation cover
- Employed, self-employed, retired, student, local authority and asylum seeker tenant types all covered
We strongly recommend that all of our landlords have adequate insurance cover.
All our tenants are required to have a valid tenant liability policy in place before their tenancy begins, if not, the tenancy will not be granted. Let Alliance contacts tenants shortly after referencing and the policy offered includes:
- Monthly Policies
- Nil excess with variable excess options also available
- Cover available up to £50,000 Sum Insured
- Tenants Liability to Landlords cover up to £2,500
- Alternative Accommodation
- Replacement of keys and locks
- Money and credit card cover
- Public Liability up to £2 million
- Accidental Damage option
- High Risk Items cover option, up to £7,500 per item
- Pedal Cycle extension option
Our tenancy agreements outline that it is the tenants responsibility for any damage caused to their landlord’s property which could mean losing your deposit; our policy includes this cover!
We hold Client Money Protection Insurance through Propertymark
