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What happens if the tenant stops paying, can I have a rent guarantee?

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Yes. you can purchase a Landlord Rent Guarantee allows you to guarantee the rent for up to 12 months as long as the tenant remains in the property and it covers issues relating to the pandemic. Since the pandemic, it has become more popular than ever. 

 

If the tenant leaves the property mid-tenancy and there is a void we would normally re-let your property with a new agreement for the new tenancy, minus the rent portion not paid back by the previous tenant on the original tenancy. Alternatively, if there is rent outstanding and you decide to go in another direction with your property, you will be liable to refund us the outstanding portion of advanced rent. 

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