Infinite Property is delighted to offer you a bespoke range of insurance services tailored specifically for Landlords.
Whether you own a large portfolio of properties or have just a single investment, failed or late rent payments can be a serious and common issue for many landlords. Thorough referencing can help to reduce the risk, circumstances can change and even seemingly good tenants may well find themselves in difficulty in the future. From redundancy to divorce, events happen in the lives of people that often result in financial difficulties. For some unlucky landlords, this can lead to many months of unpaid rent and significant legal costs to evict the tenant. At Infinite we can remove both of these worries and provide you with complete peace of mind, should your tenants let you down.
How does it work?
At Infinite we like to make everything as simple as possible for our clients. We can offer you guaranteed rent for 3% of the monthly rent. Once we have found an acceptable tenant, they will undergo a credit and referencing process by an independent third party company. Subject to a satisfactory reference we will draw up the necessary paperwork, including our standard tenancy agreement. Once we have received all of the necessary paperwork from both you and your tenant we will then collect the appropriate move in monies from your tenant, including the first month’s rent, Bond and any other charges necasery . We will deduct the administration fee, lettings commission and any other agreed charges from the first month’s rent and remit to you the remaining amount. Once all funds are cleared in to our account and all the appropriate paperwork is received. We will then pay you (minus our commission and any other agreed charges) via BACS even if the tenant fails to pay their rent on time. You will receive an on-going monthly statement confirming this.
What is included?
This is not just another rent guarantee scheme. Our service guarantees to pay rent to our landlords, regardless whether the tenant has paid or not, up until such time as vacant possession has been achieved. We will always try and resolve any non-payment disputes on your behalf and keep you updated with any situation which may be likely to arise as soon as we become aware. Our service does not end there. We also cover all of the legal costs towards evicting the tenant and gaining vacant possession of your property.