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How can I best protect my assets from a delinquent tenant?

The best way of protecting yourself is to ensure the tenant signs an insurance policy guaranteeing the rent if they fall out of work or become made redundant. As soon as their rent becomes one month in arrears, the policy then kicks in and your rent is paid. We also include £50k legal cover, so if the tenant becomes really difficult and you need to serve a Section 8 Eviction – your legal fees are paid and all damages are covered. We insist all our landlords have this insurance in place because the bigger the portfolio , the higher the likelihood this situation will occur – no-one is immune and it can be devastating when it happens with bills mounting up into the £1000’s.

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Experts in the property for investment, discounted, below market value and buy-to-let investment services.

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© 2019 Midas Property School is a trading name of the company Midas Property Shop Ltd company registered no: 06764446

Tel: 0844 357 9490
Email: info@midasestates.com
Midas Property School - 1b Cranbrook rd, Redland, Bristol, BS6 7BJ