The process of getting a Rent Guarantee Insurance policy put in place is easier than you may imagine. Before you apply, there are a few standard things you’ll need to provide us with before you can be deemed eligible. You must also ensure to read the policy documents carefully to ensure you understand the requirements for this insurance policy
Some typical eligibility requirements are(but not limited to):
- The tenant’s references
- A signed Tenancy Agreement
- Evidence that the tenant’s security deposit is placed in an official tenancy deposit scheme.
The Tenancy agreement should clearly state the date when the tenancy began, the date when the rent is due and the time frame of the lease.