The importance of Rent Guarantee cover in the current climate ☔
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
As inflation continues to be high, some people's financial situations have become increasingly challenging, and the squeeze on the cost of living could leave Tenants struggling to pay, however, rent cover can help to protect rental income if your Tenant does default on rent.
Rent prices are growing at the fastest pace in five years, outpacing many Tenants’ salaries – keeping up with payments is especially difficult for those receiving housing support, part-time workers and people with children.
The English Housing Survey showed that in 2021-22 private renters spent 33% of household income on rent on average, compared to 22% on mortgage payments for owner-occupiers.
Getting your investment protected against defaults could not be easier with Cavendish's Rent Guarantee cover...
🔹 At Cavendish Residential, we have been successfully offering and delivering Rent Guarantee cover to Landlords for years
🔹 You are eligible to apply for this cover at the start of a new Tenancy, or during your current Tenancy
🔹 Should your Tenant default on their rent, our policy will cover all rental arrears, court fees and costs in order to obtain vacant possession of your property
🔹 On the day of vacant possession, you will receive a lump-sum rental payment for the period of arrears on your account
🔹 Cost to you is 2% plus VAT of your monthly rent per month
📩 For full Terms and Conditions, please download our PDF here 📩
If you would like to discuss Rent Cover for your individual circumstances, email Scott (scott.sneath@cavendishproperty.co.uk) and he'll be able to run you everything.
📸 Scott Sneath, Director of Finance and Compliance at Cavendish Residential 📸
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 06566 | www.cavendishproperty.co.uk
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