Rent Guaranteed - How Can You Claim Back Your Lost Rent?

By Author: Kirthy Shetty
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Tenant rent guarantee assurance and rent on time insurance are provided by your tenant credit check company. You can make a claim, in case you have got your tenants referred from them. You should have signed a tenancy agreement and have evidence of your tenant's employment. Proof of tenant's identification, any two proofs of which a clear photograph is compulsory. In addition to this, you should have requested for his credit checks too. These credit checks are carried out by the tenant reference agencies. They collect credit information, presence of any county court judgement filing, bankruptcy, arrears from the credit reporting agencies.

In case of any rental defaults due to loss of job, or the tenant him self does not pay on time, then, any legal procedure and eviction charges involved in getting the tenant evicted, will be borne by the tenant reference company or your rent insurance company. Understand the benefits of your insurance and tenant screening. Get guaranteed rent insurance and escape any kind of rent arrears that arise from accident, divorce and illness, redundancy. It covers any legal expenses arising from ...
... tenant and landlord's disputes.

Make sure as a landlord you don't leave out any of your tenant's information with out cross verification. Don't be under the impression that you can claim any damage to your content or rent from the one month rent that you have taken as an advance. In case you get a problematic tenant with out any background checks done, then, you will get into problems. He may default on rent and it is difficult to claim it back.

It is also to be noted that, a rent guarantee insurance policy usually does not cover a let property until the first month rental and dilapidation advances have been paid. And you can't claim back your lost rent if you have not got your tenant information verified from a professional tenant reference agency.

A signed tenancy agreement.
Proof of the tenant's employment.
A credit check to be carried out.
Identification from the tenant, one of which must contain a clear photograph.
A thorough tenant reference performed by an approved referencing company

Extra care should be taken if it is a fully furnished building and make him liable for any damage caused to your property. Such things need to be mentioned in your tenancy agreement or lease agreement papers. Now, you know how to claim back your rent. Go ahead! Find a suitable tenant with tenant verification carried out.

Kirthy Shetty, Platinum author. For more information on: Tenant Credit Check


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