John Shepherd Lettings Rent Protection and Legal Expenses Cover

Why protect rents with our Nil Excess Rent Guarantee?

The Facts:

  • Unemployment rate is at 8.3% rising to 2.64 million as at December 2011. This is the highest rate since 1994
  • Unpaid rent totaled an estimated £300m across the UK in August 2011 up 10.5% from the £251m unpaid in the previous month
  • 10.7% of all UK rent was unpaid or late by the end of August 2011- up from the 9% of rent unpaid or late in July 2011
  • The number of tenants over two months in arrears increased by 13% in Q2 2011 compared to the same period 2010
  • Association of Residential Letting Agents (ARLA) survey stated some 40% of landlords reporting a rise in tenants having difficulty paying during the previous six months
  • Only 12% of landlords in the UK currently have legal expenses and rent guarantee insurance

 The Solution:

  • Let Alliance Rent Guarantee protection available as part of the John Shepherd Lettings Management package
  • Legal expenses incurred in gaining vacant possession of the property will be paid by the Insurers
  • NIL Excess
  • Rent payable until vacant possession
  • Covers up to £2,500 rent per month
  • £25,000 Legal Expenses in order to obtain vacant possession
  • Available for 6 or 12 month tenancies
  • £25,000 claim limit

How do I join?

John Shepherd Lettings Rent Guarantee and Legal Cost Protection is available through any branch office. To participate, please contact us and a member of our team will be happy to advise you.
Please contact us for any of the following insurance products:

  • Landlord’s buildings & contents insurance
  • Tenant’s contents insurance
  • Rent Guarantee and Legal Cost Protection
  • Commercial property / block of flats

 

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