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Rent Guarantee

Enhance your property management proposition, by protecting your landlords

Our Rent Guarantee and Legal Service is designed to provide cover when the worst happens; a tenant defaults on rent and/or breaches the tenancy agreement.

As standard all of our policies include:

  • Rent paid for 15 months or up to Vacant Possession, whichever is first (up to £50,000)
  • Up to three months’ rental payments at 75% following vacant possession
  • Cover for the total monthly rent, up to 4 tenants provided all are referenced and have passed the references (excluding Houses of Multiple Occupation)
  • Cover limit of £2,500 rent per calendar month
  • Total protection £100,000 per property
  • Covers breaches of the tenancy agreement by the tenant, including non-payment of rent and expired section 21 notices
  • All claims handled in house by Let Alliance team members

 

Exclusive Rent Guarantee Update

 

Effective from 1st April 2021, we announced that our rent guarantees will provide:

  • Missed rental payments until vacant possession of the property or for up to 15 months, whichever comes first.
  • Up to three months’ rental payments at 75% following vacant possession now included.
  • Legal Expenses cover for up to £100,000, doubling the previous cover level.
  • Cover should a tenant defend the action taken, that means that we’ll continue to pay the claim until the challenge has been resolved.

These improvements will apply to all new business, they’ll also apply to all ‘Portfolio Transfer’ and to all existing policies. This means that every one of our customers can feel the benefit, without the need to wait for renewal.

 

Read the full update

Want to protect you and your landlords?

In the current climate, it has never been more important for letting agents to provide rent guarantee to their landlords. In a world of great uncertainty, it is essential risk management for landlords’ rents and legal costs to be protected along with the letting agent fee income.

Our Customer Development Team is on-hand to support you and answer any questions you might have so don’t hesitate to get in touch. You should also contact them if you would like to order Rent Guarantee on a new tenancy: [email protected]

Rent Guarantee

Call our Customer Development team to arrange comprehensive rent protection.

Jo Dickens
Head of Sales and Marketing

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