Is guaranteed rent worth it?
While the screening tools Avail offers help landlords choose high-quality tenants who pay their rent on time each month, even the best screening cannot guarantee that certain life changes won’t happen after a tenant moves in, such as loss of income, divorce, or a medical emergency. The resurgence of interest in guaranteed rental systems can probably be explained, at least in part, by the lack of trust in traditional brokers. The resurgence of interest in guaranteed rental systems can probably be explained, at least in part, by the lack of trust in traditional brokers. As with all insurance companies, guaranteed rental insurance is inherently reactive and wait for payment arrears to occur before they talk about a payout. According to the Ministry of Justice, this can range from 8 weeks for the payment of rent in arrears to an average of 41 weeks to redemption claims.
Fortunately, Doorstead’s liability is manageable in the event of a recession or other crisis, as leases are not held for very long and home rentals tend to increase in an economic downturn.
