As a landlord, ensuring the security and profitability of your property investment is paramount. However, dealing with tenant arrears or legal disputes can be stressful and costly. That’s why we’re excited to offer our Rent Guarantee and Legal Protection Service — designed to protect you from financial loss and give you peace of mind, no matter what challenges arise.
What’s Covered in Our Rent Guarantee Service?
For just £40 per month (£32 per month + VAT) — that’s only £1.05 per day + VAT (£1.31) — you’ll receive comprehensive protection, including:
- £100,000 in legal expenses for tenant eviction.
- Rent arrears protection — up to 6 weeks’ rent while we find a new tenant.
- Up to £250 to cover tenant damages beyond the deposit.
- Legal pursuit of money judgments following arrears or damages.
We are here to simplify your property management, protect your investment, and ensure you have the legal backup when you need it most.
Why Do Tenants Fall Into Arrears?
Rent arrears can occur for several reasons, including:
- Financial Hardship: Tenants may face unexpected financial difficulties such as job loss, illness, or personal crises.
- Missed Payments: Sometimes tenants simply forget or are unable to make payments on time.
- Benefit Delays: If a tenant is dependent on housing benefits, delays in payments can cause financial strain.
- Disputes or Miscommunication: Poor communication between landlord and tenant may lead to misunderstandings about payment due dates or amounts.
Whatever the cause, missed rent payments can significantly impact your income as a landlord, making our Rent Guarantee Service an invaluable safeguard.
The High Cost of Debt Collection and Eviction
When tenants fall behind on rent, landlords often find themselves facing the daunting task of recovering the arrears and evicting the tenant. Here’s a breakdown of potential costs:
- Debt Collection Fees: On average, debt collection services in the UK charge around £100 to £250 depending on the complexity of the case.
- Court Eviction Costs: The average cost of taking a tenant to court for eviction is approximately £1,500 to £3,000, not including legal fees or administrative costs.
- Bailiff Fees: Once the court grants an eviction order, bailiff costs can range from £100 to £400, depending on the nature of the eviction and the area.
These costs can quickly add up, leaving landlords in a vulnerable position without the necessary protection. Our Rent Guarantee and Legal Protection Service eliminates the need for these stressful and costly processes by offering legal and financial coverage, ensuring that you’re protected and supported every step of the way.
Protect Your Investment
We understand the importance of securing your investment and minimizing risks. With our Rent Guarantee and Legal Protection Service, you can avoid the stress of arrears, damage, and eviction while continuing to manage your property with confidence.
Let us help you safeguard your rental income and make sure your property investment remains secure — no matter what changes the law brings.
Interested in learning more? Get in touch with us today to discuss how our Rent Guarantee Service can benefit you.
Sign up for protection here: https://coppenwall.com/rent-protection.
Do you have any worries about the upcoming Renter’s Rights Bill? Read through the upcoming changes here.
