As a property owner, ensuring a consistent stream of rental income and maintaining your property in optimal condition is crucial. Despite your best efforts, unexpected challenges can still arise. That’s where Bennett Jones Partnership “Managed Service” comes in, offering you access to Goodlord’s Rent Protection and Legal Expenses coverage. This comprehensive service guarantees that you won’t be left out of pocket when things don’t go as planned, providing both financial and legal support to protect your investment.
Why Rent Protection and Legal Expenses?
We know that managing a rental property involves both rewards and risks. With a Rent Protection and Legal Expenses product, you can rest easy knowing that if the unexpected happens, your rental income will be protected and you’ll have the necessary legal assistance to recover your property. This service is designed to prevent financial strain, even when you face issues like rent arrears, property damage, or tenant disputes.
Key Benefits of Rent Protection and Legal Expenses
- Nil excess on claims made within the first 45 days: you’ll receive 100% of the monthly rent until vacant possession, there is no cap on the number of months covered
- Up to £100,000 legal expenses cover, including appeals and legal representation
- Rent recovery
- Property damage cover, for civil dispute expenses on damages over £1,000
- 90% of rent after vacant possession for up to six weeks
- Eviction of squatters and assistance with the costs involved
- Contract dispute protection, covering costs in disputes of over £100
- 90-day claim window, from the date of first missed rental payment
- Auto renewal process, so you have continuous coverage
What Happens If Things Go Wrong?
Rent protection isn’t just about covering the rent—it’s about ensuring that you can recover the property and income you deserve. When tenants fall behind on rent or cause significant damage, the security deposit may not be enough to cover the loss. With a Rent Protection and Legal Expenses service you can epect to regain your property and income without major setbacks.
This service minimizes hassle, thanks to its unique automated claims process, which reduces administrative overhead and speeds up resolution. We ensure that you’re kept updated on the status of any claims, offering support and guidance every step of the way.
How Is This Service Simplified?
One of the standout features of this service is its seamless integration with tenant referencing. We already work with Goodlord to provide thorough tenant referencing, which means the Rent Protection service is aligned with the information we have on your tenants. This makes applying for protection simple and ensures you get the coverage you need without unnecessary delays.
Goodlord’s Service Compared to Other Providers
Here’s a quick comparison of how Goodlord’s Rent Protection and Legal Expenses service compares to other providers:
| Feature | Goodlord | Other Providers |
|---|---|---|
| Max Payout | Until vacant possession | 75% for 3 months |
| Legal Cover | £100,000 | £100,000 |
| Payment after vacant possession | 90% for 6 weeks | 75% for 3 months |
| Claims Window | 90 days | 31–37 days |
| Excess | Nil | £100 |
| Claim Process | Automated | Manual |
| Free Mediation | Yes | No |
| Property Damage Cover | Yes | No |
| Contract Dispute Cover | Yes | No |
| Auto-Renewal | Yes | No |
Conclusion: Don’t Let the Unexpected Derail Your Property Investments
With a Rent Protection and Legal Expenses service, you don’t have to worry about unforeseen events putting a strain on your property investments. Whether it’s unpaid rent, property damage, or tenant disputes, our Rent Protection and Legal Expenses service offers the comprehensive coverage you need.
By partnering with Goodlord, we provide you with a seamless, easy-to-apply-for service that protects both your income and your property, making sure you’re never left out of pocket.
To learn more about Rent Protection and Legal Expenses service or to apply, reach out to us today and secure the peace of mind you deserve.
