14 Mar

RENT GUARANTEE to PROTECT Landlords' rental income

Oaktree recommends Landlords to purchase a rent guarantee to protect rent payment, especially in this current economic climate.

We have teamed up with Paragon Credit / Reference company to offer our Landlord Rent Guarantee and very competitive prices.

Should your applicant(s) pass the Tenant referencing procedure undertaken by Oaktree in partnership with Paragon, you will be able to purchase a Rent Guarantee and Legal Expenses Insurance to make sure that you are covered if a Tenant defaults on their rent or will not vacate the property at the end of the term. Price depends on the duration and the excess of the policy.

The main benefits of this cover are:

- A 6 or 12 month Smart Rental Protection Warranty which comes with the following benefits:
- Covers loss of rent up to £3,000 per calendar month should a tenant fall into arrears.
- Covers loss of rent for up to 4/5 months (the first months rental should be paid in advance so will not be covered). On a 6 month warranty the client is covered for up to 4 months arrears, and up to 5 months arrears on a 12 month warranty. Unlike our Smart Rental Protection + warranty, the first months unpaid rent whenever it falls is not covered.
- Transferable benefit – If tenants vacate and you have remaining months left on the warranty you can transfer the benefit on to the new tenancy agreement.
- Covers legal expenses authorised/incurred by FCC Paragon, including court costs to obtain vacant possession following non-payment of rent (total combined benefit up to a maximum of £25,000).
- Available for 6 or 12 months (must run in line with the length of the tenancy agreement) and can easily be renewed.

Contact us if you are interested.

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