All the referencing has come back positively on your prospective tenants and the move in date is fast approaching.
You've done all your figures and you know how you want your investment to perform. The last thing to factor in is if your tenant were to stop paying their rent, how would you cope? A tenant could easily be made redundant or become ill and no longer be able to afford the rent to pay the rent. It's the insurance you put in place for when things don't go to plan that can really make the difference.
Rental arrears and seeking possession of a property is a costly exercise and one that can be managed easily with the protection of a rent guarantee.
Rent Guarantee Benefits for Fully Managed Landlords
All legal costs of eviction of the tenant covered up to a maximum of £25,000
6 month or 12 months coverage options
Maximum of 4 rental payments on a 6 month policy
Maximum of 5 rental payments on a 12 month policy
Peace of mind knowing if the worse happens you are covered