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Tenants are struggling to pay rent

Last week Templeton LPA has released information which shows that the number of tenants who are finding themselves in severe rental arrears has risen by 24% in the space of a year  resulting in 100,400 tenants struggling to meet rental payments in England and Wales alone!

The economic climate we currently find ourselves in does not appear to be getting any better for the foreseeable future; how can a Landlord buffer the effects of non-rental payments?

By combining a Tenant Reference with a Leaseguard Rent Guarantee product!

Here at Leaseguard we highly recommend that you should always reference your tenants before handing over the keys to your rental property. A full and comprehensive reference check can reveal if the tenant has a history of poor payments, if they are who they say they are and their previous Landlord or Letting Agent's feedback!

Carrying out a professional tenant reference check on your potential tenant before offering them the tenancy together with Leaseguard's comprehensive Rent Guarantee product could save you from months of heartache.

Leaseguard's comprehensive Rent Guarantee Product

Summary of Cover:

  • Loss of Rent until Vacant Possession obtained up to 12 months
  • Up to £25,000 Paid for Rent Guarantee and Legal Expenses
  • Funds Deposited with Approved Solicitors
  • Vacant Possession Cover - 50% of Rent for 2 Months
  • Hotel Expenses - up to £75 per day up to 30 days
  • Prosecution Defence as a Consequence of Letting your Property
  • 24 Hour Help Lines
  • Available for both Managed and Let Properties
  • Students Acceptable (subject to conditions)
  • Reporting Period 60 Days Maximum
  • One Policy per Annum per Dwelling
  • Excess of 1 month's rent

Interested in Rent Guarantee? Call our friendly, expert Insurance Team directly on 0345 345 0315 or email them at enquiries@leaseguard.co.uk for more information!

Interested in Tenant Referencing? Call our friendly, expert Referencing Team directly on 0345 345 1705 or email them at referencing@leaseguard.co.uk

Alternatively, you can use our new "Obtain a Quotation" form and our team will contact you directly!




Posted By Admin on Tuesday, July 10, 2012 | Type: Blog