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There are a number of factors that could cause rent arrears, and an individual’s financial situation could change at any time. This is why having suitable cover in place, such as rent guarantee insurance, can help. You may also request that your tenant nominates a guarantor when signing the tenancy agreement, who can be liable for rent payments if they are missed. NRLA partner Rentguard, gives us an explanation.
Properties can face different risks at different times of the year. Cold winters could put your property more at risk of damage from storms or burst pipes caused by freezing temperatures. While the summer months could be more of a security risk as properties are left empty by students going home for the summer or other tenants going on holiday. As a Landlord Insurance provider, Gallagher has the following tips on what to look out for in each season to help protect your property.
