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Do you still ask for Deposits when you rent out your property?

Although requesting a cash deposit when you take on a new tenant has been normal, now there is a quicker, simpler and more suitable alternative…a *Tenant Deposit Legal Protection Policy.

From only £75 inc IPT we can provide you with more than a deposit can, including:

  • Legal costs and expenses - up to the £50,000 to negotiate settlement of any dilapidation's claims.
  • Legal costs and expenses - up to £50,000 to pursue your legal rights if your tenant has absconded before dilapidation's inventory was completed

A deposit is not a legal requirement and can also be a heavy administrative burden for you as a landlord, pass the job over to the experts.

The benefits to you:

  • No need to hold a deposit in a tenants deposit scheme
  • No excess to pay in the event of a claim
  • No hassle with the tenant

Overall, less hassle and less admin and no cost to you as you can re-charge the premium back to your tenant.

*This policy is only available following where your tenant has passed a reference from an approved tenant referencing agency and have a tenancy agreement in place.

Click here to be redirected to our preferred tenant referencing supplier.

Click here to view our Tenants Deposit Legal Protection Key Facts

Provide complete coverage with a Landlord Legal and Rent Protection Policy

For only £95 inc IPT we can also provide:

  • Repossession costs – up to £50,000 to pursue your legal rights to gain vacant possession of your property.
  • Rent Protection and Rent Recovery – to cover unpaid rent due to you under the terms of your tenancy agreement
  • Damage to your Property – Pursuing your legal rights against a tenant or another party who has caused damage to your property

Click here to view our Landlord Legal and Rent Protection Key Facts

Both policies shown above are 12 month policies and can be purchased separately or together.

Estate Agents

Cost and time savings for the administration of deposits.

Landlords

No cost to landlord with faster claims procedure and pay-out than TDS

Tenants

No need to find 6-8 weeks deposit

With the typical cost of only one week's rental, this unique and groundbreaking policy not only offers full deposit insurance coverage but also includes rent guarantee and legal expenses as standard.

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Benefits for Estate Agents

  • Considerable savings in cost and time for the administration of deposits.
  • Fresh impetus to the market, as tenants can move more easily and without the requirement of finding a large deposit.
  • Avoids legal risk and duties around handling and protecting tenant's cash.
  • A Commission on each tenancy, including renewals.

Benefits for Landlords

  • The deposit insurance mirrors the protection offered by a deposit, including the equivalent of six weeks' rent cover for damage and dilapidations.
  • No risk of legal action from failing to adhere to the deposit rules.
  • No need to worry about holding a tenant's deposit in a costly national scheme.
  • Includes £50,000 legal cover for issues with tenants.
  • Includes a Rent Guarantee element that covers up to £100,000 annual rent and even covers lost rent after tenant has been evicted two months at 75% of rent.
  • No excess or minimum claim period.
  • Faster claims procedure and pay-out than TDS.
  • No actual cost to the landlord as the premium is charged back to the tenant.

Benefits for Tenants

  • Not having to find up to 8 weeks' cash deposit with every rental, just an insurance premium equivalent to around one week's rent.
  • Ability to move more quickly from property to property.
  • No waiting for the return of deposit between moves.
  • • No hassle with landlord regarding TDS or arbitration at the end of the tenancy.

Residential Landlord Emergency Assistance

Residential Landlord Emergency Assistance is designed to provide emergency assistance to prevent damage or further damage to your property, make your property safe and secure and to prevent risk to health or to safety. To include, but not exclusive to:
  • Failure to function or breakdown of heating in your property
  • Failure of the domestic electric or gas supply in your property
  • Failure, blockage, leak or damage to your internal plumbing and drainage .
  • Failure, blockage, leak or damage to your toilet bowl or cistern
  • Failure to function or damage to the external doors, windows or locks cistern
  • Damage caused to the roof of your property due to adverse weather conditions or fallen trees
Click here to view our Residential Landlord Emergency Assistance Key Facts

Would you like to know more?

To find out more about Deposit & Rent Insurance please contact us on 0800 281235 or complete the form below.

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Deposit & Rent Insurance is a trading name of Residentsline Limited who are authorised and regulated by the Financial Conduct Authority: FRN 305998
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