One of the most popular questions we are asked is ‘what happens if my tenant won’t pay?’ It is a real worry for landlords but one we can happily sort! Your property is probably your most valuable asset, and you need to be sure it is in safe hands when you come to let it.
When we reference a tenant, we purchase a 12 month insurance policy. Our 12 month Let Alliance Rent Guarantee will pay rent to a landlord in cases where the tenant defaults. There is no excess for this guarantee, there will simply be a delay of 30 days until the rent is paid in to our account. Let Alliance will pay out from the first day of the rent arrears. The rent guarantee also covers all legal expenses incurred by Let Alliance in obtaining vacant possession of the property – an important consideration given the cost of legal fees.
