In Principle the Van Mildert Guaranteed Rent Collection Service is simple and represents a hugely enhanced service from the Rent Guarantee and Legal Expenses Insurances which are currently available in the market.
The fundamental aim is to enable you to guarantee this exceptional level of service to your landlord thus enabling you to win more landlords and create more revenue from each landlord. In addition to helping you win more landlords, the service also reduces the rent administration time and cost to your business. You will never receive part payments and never have to chase rent.
The service is underwritten by Inter Hanover Insurance.
The Van Mildert Guaranteed Rent Collection service leads the way in enabling our clients to capture market share and maintain their fee level to landlords. It is a simple product whereby Van Mildert will collect the rent from a tenant and pay it to the letting agent on the rent due date, without fail, whether the tenant pays or not. If eviction services are required, then Van Mildert will conduct these completely free of charge. As part of the service if the tenant damages the property 50% of the rent will be paid for two months after vacant possession whilst the property is being repaired so that it can be re-let.
Crucially, the service also significantly reduces the accounts administration work which our clients need to do. As part of this service our clients simply receive the total amount of rent due on the correct day with a very clear itemisation of what the rent relates to.
The Van Mildert Rent Guarantee and Legal Expenses Insurance is designed to offer a superior level pf protection when compared to other similar products in the market. The product can either be purchased by you or by your landlords. The main features include: