Time to consider rent guarantee?
Landlord Action, a specialist in difficult tenant evictions, have recently reported an 11% increase in their case load. With the austerity measures beginning to bite, is now the time to consider rent guatantees on your property?
Rent Gurantees ensure that you will receive a minimum amount of rent on your tenancy. PAD4U work with Endsleigh Insurance to provide rent guarantees. On a 6 month tenancy 4 months are guaranteed. However, rent guarantee also covers the legal costs of evicting a tenant which can quickly add up.
Rent guarantees are not the panacea for all rent issues. Choosing the right tenant from the outset is critical as is effective management throughout out the tenancy. However, in these uncertain times, where people's circumstances can change rapidly, it is worth considering the benefits that rent guarantee can provide.
If you would like more information including full terms and conditions please email [email protected]