Rent Warranty
Rentchecks believes in its quality tenant referencing process & offers all landlords & agents a rent warranty scheme that pays rent in the event of a tenant defaulting. This scheme comes with zero excess & pays rent after only 14 days arrears! Simply check your applicant's eligibility for free or cover yourself against missed payments for just £10 per month.
If you are a landlord with an existing or prospective tenant you can apply for our Rent Warranty which pays your rent in the event of your tenant defaulting. Provided your tenant passes our Advanced, Guarantor, Premier or International application process then they are automatically eligible.
To pass the above application, they must meet the following criteria:
Clear 6 year credit history search or a guarantor who is a UK homeowner
No current arrears
A protected income (full employment or government 80% income guarantee)
ID & Right To Rent (UK)
What is covered?
Our Rent Warranty covers the entire rental income in the event of your tenant defaulting. We will pay the rent each month until such time as the property is re-let or until the end of the Warranty term (max 12 months). Unlike insurance based products and rent guarantee schemes you will not be subject to an excess period so you can be assured that your full rent is covered from day one!
Is this rent guarantee insurance?
No. We simply believe in & therefore stand by the quality of our referencing process. Any rent payments made to customers comes from us which means that much of the red tape & claims procedures normally associated with rent guarantee products is eliminated.
If you would like to take out insurance, our Advanced, Premier, Priority, Guarantor & International reference reports are accepted by several insurance companies. Please ask customer services for details.
How much does it cost?
Our Rent Warranty costs just £10 per month (plus VAT) for monthly rent that does not exceed £1200. To cover rent between £1201 & £2000 costs £22 per month.