Rental Guarantee & Managers Indemnity

Why a Managers Indemnity?

One of the worse experiences for a Landlord & all involved is the need for a court assisted tenant eviction. Until now, there has been no property management company willing to cover the owner for loss of rent over an eviction period, also not many insurance companies include cover over this period, you will find they cover only the re-instatement or re-letting period,  but not for the arrears content over the eviction period.

Court Assisted Eviction

is required when rental arrears becomes serious enough that the tenant will simply never be able to re-pay the arrears in a reasonable time frame together with their weekly rent. This mainly happens when the problem has not been addressed early enough, in some cases up to 10 - 14 weeks.

Property Managers can leave these situations to get out of control and drift from the protocols of the eviction process and can leave the owner exposed to greater financial loss, such as delayed tribunal applications, inconsistent tenant contact, and the inexperience & inability to read the situation and not mediate a vacating strategy.

Evictions Can Be Prevented

Certain legal pressures can be applied and delivered diplomatically; which can save everybody a lot of time and money.

Our Manager's Indemnity is an additional cover that is grouped with other services in section 5 of our Property Management Agreement.

It insures our owners for loss of rent, in the event of an assisted court eviction.

 * If further information is required about the Managers Indemnity please complete the information below.

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