Rent Guarantee For Landlords

Peace of mind 

Dublinlets.ie is a leading provider of professional  property letting and management services. For the majority of our customers this results in a positive stress free letting experience, however we recognise that being a landlord is not always without its risks and complications.

Rent Default

No Matter how well your Tenants are vetted there is unfortunately no guarantee that they will continue to pay their rent.

Tenants' circumstances can change for many reasons, such as :

  • Accident or illness
  • Breakdown of a relationship
  • Unemployment or
  • They may just be the "Tenants from Hell"

Regardless of the reason, the consequences can be very serious:

  • You will still have to pay the mortgage with no rental income
  • Your personal finances will suffer
  • Mortgage arrears will adversely effect your credit rating and future borrowings
  • If your investment is contributing towards your pension your retirement income will suffer
  • The financial pressures and dealing with a tenancy dispute can cause significant stress

Tenancy  Disputes:

Disputes can arise with tenants for many reason, such as shortfall in rent payments, anti-social behaviour, damage to the property, early termination of the lease, return of the deposit etc.

The Residential Tenancies Act 2004 gives the rights and places obligations on both the Landlord and Tenants. A landlords failure to act within this law can have serious financial consequences.

To Help Landlords Dublinlets.ie has introduced a Rental Income and Legal expenses Insurance.

How much is this Rental Income and Legal Expenses Insurance ?

Dublinlets.ie are committed to providing a quality Letting and Management service. To reinforce this commitment there is no charge for Landlords.

 

What is the Landlord covered for ?

This  insurance covers:

 

  1. The policy will pay the monthly rent in the event a Tenants stops paying and refuses to vacate the property. The first month of the default is not covered ( the landlord retains the deposit collected). The monthly rent will be paid until such time as the Tenants are evicted or for 12 months, whichever occurs first. When the Tenant is evicted the policy will pay an additional months rent to allow time for any necessary repairs and re-letting.
  2. Legal Advice and expenses up to €25,000 to provide access to a Solictor to help deal with any tenancy dispute and to cover their cost for attendance at PRTB hearings. Cover is also provided for disputes which falls outside of the remit of the PRTB or where the Landlord's legal advisor and ours agree that a PRTB decision is unjust.

 

 

For More information contact us