The Belvoir Colchester Rent Guarantee service is unique to our business and is the best rent protection product on the market being the only local product that still paid out during Covid-19. The Rent Guarantee service is completely dealt with by Belvoir Colchester and Let Alliance.
If a Tenant falls into rent arrears and fails to pay the contracted rent, the landlord can sit back and relax while the rent is still paid! Our Rent Guarantee service pays out to the Landlord after 15 days of tenant rent areas and then on the rent day going forward if the tenant continues to not pay.
The Rent Guarantee service also pays all legal costs to lawfully remove the tenant if required, this includes all court costs, solicitor costs, high court costs and high court enforcement officer costs. The landlord will continue to receive their rent payment from Belvoir Colchester up to the date the tenants are lawfully evicted and have left the property.
In the UK a tenant not paying the contracted rent can lead to eviction costs of upwards from £15,000 per property not to mention the lost rent monies, a landlord’s worst nightmare! The Belvoir Colchester Rent Guarantee product removes all that risk and safe guards the landlord’s rental payments if the worst was to happen. We offer this service to our full managed landlords at £30+Vat per month. We only offer the Belvoir Colchester Rent Guarantee service at £30+Vat per month to our landlords who use our fully managed service.
Belvoir Colchester Rent Guarantee service summary
- The Rent Guarantee service is completely dealt with by Belvoir Colchester and Let Alliance.
- The Landlord can relax and receive the contracted rent while the tenant fails to pay.
- Landlords Rent paid after 15 days of the first rent arrears
- Landlords rent paid on rent day thereafter if the tenant continues to not pay the rent.
- All court costs, high court costs, solicitors and high court enforcement costs are all covered and paid for by the Belvoir Colchester Rent Guarantee
- The landlord will receive the contracted rent up to the when the tenant has been lawfully evicted and has left the property
- £30+Vat per month for Fully Managed Properties