Rent Paid on Time Every Month

Guaranteed Rent and Legal Expenses Products

Win More Landlords, Improve Your Revenue per Landlord and Reduce Your Rent Payment Administration with The Van Mildert Guaranteed Rent Collection Service

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.

 

  • Van Mildert will collect the rent from your tenants and pay the rent to you on the rent due date even if the tenant is late in paying.

 

  • If the tenant breaches the tenancy agreement Van Mildert will cover the legal costs of eviction and if the tenant damages the property Van Mildert will pay 50% of the rent for two months after vacant possession.

 

  • If the tenant damages the property to the extent that the deposit does not cover the cost of repair Van Mildert will pursue the tenant through the court system to reclaim the cost of repairs for the landlord for no charge to the landlord.

 

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.

 

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THE VAN MILDERT GUARANTEED RENT COLLECTION SERVICE

 

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.

 

This service enables our clients to mirror this guarantee to their landlord landlords, a service which landlords find invaluable.

 

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.

Rent Guarantee and Legal Expenses Insurance

 

An enhanced level of protection for your landlords

 

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:

 

  • No Excess.
  • Up to £8,333 of rent cover per month, up until vacant possession.
  • Legal Expenses of up to £50,000 for eviction of a tenant and recovery of the cost of any repairs to the property.
  • 50% of the rent paid for up to two months after vacant possession if the property is being repaired as a result of damage which the tenant has done.
  • A 2 hour service level on the issuing of eviction notices.
  • A claims system which is fully integrated into your lettings software.

 

For full details regarding our Insurance Policy

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