The most common worry for landlords is payment of rent. Matthew James Letting Agents Coventry check tenants references thoroughly. However tenants circumstances can change and a tenant that is in a good financial position at the tenancy start, can find themselves in a situation where paying rent is not possible. When this occurs Matthew James Letting Agents will do everything they can to assist both landlord and tenant to find a solution to rent arrears. For peace of mind many landlords choose to take out a Rent Guarantee policy.
What is Rent Guarantee?
Quite simply a Rent Guarantee policy is an insurance policy to cover against loss of rent. There are many of these insurance policies on the market. Ranging from fully comprehensive including legal expenses and basic cover against loss of rent. Working in partnership with Inspire Insurance Matthew James Letting Agents offer our landlords a good quality policy, at a competitive rate.
Matthew James Letting Agents Coventry can arrange a rent guarantee policy as part of our management service. As well as being competitively priced the policy will include legal costs and also will have no excess. Landlords who choose to take out a policy with Matthew James Letting Agents not need to pay any funds direct to the insurance broker. As part of the management service the cost can be deducted out of the rent. This can be taken as a one off payment or alternatively the cost can be included into the monthly management fee.
For more information on Rent Guarantee please call our office on 024 77 170170 and press option 2 for the Lettings Department.