Tenant Referencing, Legal Expenses & Rent Guarantee
At Rentguard we understand that even the best-intentioned tenants sometimes fall on hard times, meaning they may be unable to keep up with their rental payments. It is more often than not a change in circumstances, such as redundancy or long term illness, which causes a tenant to default on their rent rather than an unwillingness to pay.
While it is only natural to be compassionate to their plight, the landlord may still have a mortgage to pay, and that’s where a Legal Expenses & Rent Guarantee insurance policy can help.
We offer Legal Expenses & Rent Guarantee protection in conjunction with our Tenant Referencing service. The cover provides an insurance pay out if and when the tenant defaults, giving you peace of mind that they will always have enough money to pay the bills.
Cover is available on a 6 or 12 month basis in combination with both our Full Profile and Credit Check referencing services.
| Service | Policy type | Av. Turn Around |
| Full Profile | Legal Expenses and Rent Guarantee 6 Months (no excess) |
24-48 hrs |
| Full Profile | Legal Expenses and Rent Guarantee 12 Months (no excess) |
24-48 hrs |
| Credit Check | Legal Expenses and Rent Guarantee 6 Months (1 month excess) |
1 hour |
| Credit Check | Legal Expenses and Rent Guarantee 12 Months (1 month excess) |
1 hour |
Your landlord can secure the rental payments on their property by purchasing Legal Expenses & Rent Guarantee cover directly from Rentguard or you can guarantee to cover the rental payments and legal expenses as part of your service outlined in the Property Management Agreement. See our downloads section for more information.
Benefits include:
- Up to £3,000 a month in rent payments per claim (up to a maximum of £18,000 per claim or the equivalent of six month's rent, whichever is the lesser amount)
- Up to £25,000 for legal advisors costs per claim, which includes legal expenses and court proceedings
- Quick and easy process, final report generated within 1 hour for Credit Checks
- Full Profile reference report normally produced within 24 - 48 hours
Please note Reference Plus is available to Letting Agents only.
If you'd like more information on how this service works then speak to one of our friendly team who will be happy to help on 0333 000 0161.