Rent and Legal Rent Protection Service
As a landlord, protecting your rental income and property is more important than ever. The Rent and Legal Rent Protection Service provides support when tenants fall into arrears, legal action is required, or unexpected disputes arise.
What Is the Rent and Legal Rent Protection Service?
When a new tenancy is created, Goodlord will invite you to take up the Rent and Legal Rent Protection Service. The offer is automatically based on a yearly contract, but if you prefer to spread out the cost, you can pay monthly.
Key Benefits of the Service
Feel Financially Secure
The Renters’ Rights Act has changed eviction rules, making court delays certain. That’s why the service covers the rent until you achieve vacant possession, rather than limiting payouts to 12–15 months.
Get Peace of Mind
When you go to court, the service covers up to £100,000 in legal expenses, so you don’t have to pay to regain possession of your property. This includes evicting squatters and tenants who fail to vacate.
First Month’s Rent Guaranteed
If the first month’s rent isn’t paid after signing a tenancy, you can now claim immediately without impacting future claims.
Continued Rental Support
Receive 90% of the monthly rent for up to six weeks after vacant possession.
Alternative Accommodation Costs
The policy includes cover for alternative accommodation costs where applicable.
Zero Excess on Claims
There is zero excess if you make your claim within 45 days of the first missed rent payment.
Property Damage Cover
Property damage cover of £1,000+ is available, with the disputed value required to exceed £1,000.
Section 13 Dispute Protection
Around 22% of tenants plan to appeal any rent increase, regardless of whether it is fair. When this happens, the policy covers the difference between the previous and new rental amounts for up to six months, or until a First-tier Tribunal decision.
How to Take Out a Policy
To take out a policy, please email Emma Hendry.
Final Thoughts
The Rent and Legal Rent Protection Service offers valuable support for landlords by helping protect rental income, covering legal expenses, and providing additional protection against property damage and tenancy disputes.
