Rental Warranty Protection
On completion of a Rentchecks.com Report you have the additional option of
taking out a rent warranty policy to cover you against unpaid rent.
Eligibility for rent warranty is subject to your prospective tenant passing the
checks set out within our Advanced Report.
Even if your tenants referencing was successful, things can occasionally go
wrong. Should the worst happen, our Rent Warranty protection provides peace of
mind by covering your rental income and regaining possession of the property.
If your tenant suffers redundancy, divorce, separation or ill-health, it may no
longer be possible to comply with the terms of the Tenancy Agreement:-
Your tenant may be unable or unwilling to meet the rent
The tenant may fail to vacate the property at the end of the tenancy
There could be delays in regaining possession of your property
Possible disputes between landlord and tenant may delay rent
What is covered?
The RentChecks Rent Warranty scheme covers the entire rental income (max £2000
pcm) in the event of the tenant not making this payment. We will pay the rent
each month until such time as the property is re-let or until the end of the
tenancy agreement. There is a one month excess therefore you should ensure that
a bond equivalent to one months rent is taken from your tenant. In addition to
the rent being paid, RentChecks and its partner organisations will take steps to
remove the tenant from the property and collect monies owed where applicable,
saving you time and money. Any legal expenses incurred when attempting to evict
a tenant are covered (max £2000).
How much does it cost?
Special agent rates are available. Please contact 0844 412 7752 & speak with our
customer service team.
How do I take out a warranty?
Log into your Rentchecks account. Find a Credit Check for the property you wish
to take the warranty out on and follow the instructions. Alternatively, you can
apply for warranty as you're submitting your credit check.
Provided your tenant has been successfully referenced by RentChecks using the
Advanced service we will offer a warranty on the same day.
