For many landlords rent and legal protection has not always been a priority. However, the UK is now facing difficult times and recent figures show the biggest slump in employment for more than a decade. With Government assistance schemes coming to an end the economic cost of the pandemic is huge.
This has led to a substantial increase in the number of rent arrears from tenants since the start of the Coronavirus pandemic and, added restrictions mean that it is not currently possible to progress possession hearings through the courts.
You may know how difficult it can be to remove a non-paying tenant, even if it is of no fault of their own. Challenges brought about by the pandemic have seen Landlords negotiate with tenants to protect their own investments but also help tenants that have found themselves in an onerous situation.
As part of our ongoing commitment to our clients we can offer a new Rent and Legal Protection policy with HomeLet which offers a superior level of cover for landlords. If your tenant falls into arrears or breaches their tenancy agreement, then the Homelet policy can help pay the rent (subject to the protection limits) and evict the tenants for you. Meaning that if your tenants can’t or won’t pay, or if you need possession of your property, you are protected.
Get added protection for £400 + VAT per property, per annum and know that your investment will benifit from:
- Monthly rent paid for up to a maximum value equivalent to fifteen months, which includes 2 months at 50% following Vacant Possession (where applicable) from the date of the first arrears.
- No policy excess
- Legal expenses up to £100,000 to cover eviction costs if the tenant is in breach of their tenancy agreement.
- Professional court attendance on your behalf.
- Tenancy changeovers (fully transferable to ensure no gaps in cover when tenants change – providing full referencing is completed on new Tenants).
If you would like to find out more, please contact our lettings team on 020 8882 7888.
We are also offering a free Covid-safe 360° virtual tour on all new managed listings (providing the property is vacant).
If you are thinking about letting or have an existing portfolio, we would be happy to offer you an up-to-date property appraisal. This can be done face-to-face or digitally, click below to book your appointment online.
Book your rental apprasial online here