Landlord’s Legal Expenses and Rent Guarantee

Some important facts about your insurance are summarised below. This summary does not describe all the terms and conditions of your Policy, so please take time to read the full Policy Wording to make sure you understand the cover it provides.

When you rent out your property you want to be sure that you are covered against all eventualities should your tenant suddenly become unable or unwilling to pay you your rent. This could happen for a variety of reasons, such as ill health or redundancy and in this day and age it is vital that you make provision for this.

Risks faced by landlords
Whilst it is vital a landlord follows a strict referencing procedure, they may still find they have a tenant who doesn't look after the property, doesn't pay rent on time or pay the rent at all in some instances.

This policy has been designed to resolve these problems and assist the landlord in repossessing the property and pursuing tenants for unpaid rent.

In addition this policy will also compensate for rent arrears while a tenant or ex tenant remains in the property, or where they have vacated the property but left it in a dilapidated state and unfit to re-let.

Problems exist outside of tenancy agreements that noone can predict such as squatters and external damage to the property. This policy will help in taking the appropriate legal action in both of these circumstances.

How Rent Guardian can help
For many tenancy disputes, DAS will be able to negotiate a full settlement of the landlord's claim. However, if this is not possible they will refer the matter to a solicitor for further action and will pay legal costs of up to £50,000.

This policy also covers hotel expenses up to £150 per day, for a maximum of 30 days, and storage costs of up to £10 a day for a maximum of 4 weeks.

RentGuardian also provides access to discounted tenant referencing and our 24 hour helpline service includes EuroLaw Legal Advice, UK Tax Advice, Domestic Assistance and a Counselling Service.

The Cover
The cover provided by this policy will help landlords who need legal or specialist assistance in the following areas:

Repossession The tenant has remained in occupation even though the tenancy agreement has ended and notices have been served requesting them to vacate.

Property damage Building work on a neighbour’s roof causes damage to the landlord’s property.

Tenants have left the property but have ruined the curtains and damaged some fixtures and fittings.

Eviction of squatters Someone has illegally taken possession of the property whilst it was left vacant.

Rent recovery The tenant has disappeared whilst owing a substantial amount of rent. DAS can assist in locating them and recovering the money owed.

Legal defence The landlord has received a court summons and faces criminal prosecution for failing to renew a property's Gas Safety Certificate.

Rent arrears DAS will pay the rent arrears while the landlord's tenant or ex tenant occupies the property. If following vacant possession a property cannot be re-let because of damage caused by the last tenant, DAS will pay 50% of the rent arrears for up to 3 months, or until the property is re-let.