What is a rent guarantee scheme?
Rent guarantee insurance should not be confused with guaranteed rental systems. Rent guarantee insurance should not be confused with guaranteed rental arrangements. In a rental agreement, the middle tenant signs a contract that guarantees that landlords are paid a set monthly income to take full control of the property and its management. Rent guarantee insurance should not be confused with guaranteed rental arrangements.
This leads to an increase in interest in guaranteed rental systems and their purported advantages. The providers claim to offer guaranteed rental income on a regular basis and eliminate the risk for landlords due to gaps, payment arrears and evictions. Rent guarantee insurance should not be confused with guaranteed rental arrangements. This leads to an increase in interest in guaranteed rental systems and their purported advantages. The providers claim to offer guaranteed rental income on a regular basis and eliminate the risk for landlords due to gaps, payment arrears and evictions. Ultimately, rental guarantee insurance can be useful, but it’s an expense that some landlords may be able to avoid by carefully reviewing tenants.
While it’s an understandably appealing option for anyone who has dealt with the stress of a nightmare lease, these systems are by no means the fail-safe, no-risk rental alternative that providers claim to be, as we’ll discuss below.
