Rent Protection is your ultimate safety net against the financial stress of missed rent payments.

Even the most reliable tenants can face unexpected hardships. That’s where our Rent Protection comes in, ensuring you’re never left in the lurch. Should your tenant stop paying rent, our cover kicks in to pay missed payments up to £3,500 per month. This crucial support continues until you gain vacant possession of the property, or for up to 15 months, whichever comes first. This means your mortgage and other property expenses are covered, providing vital financial stability.

But it’s not just about covering rent. We also protect you from the significant legal costs associated with eviction.

Evicting a tenant is typically a costly and lengthy legal process, involving steps like serving an Eviction Notice (2 weeks – 2 months), navigating Court Proceedings (8 – 12 weeks or more), and potentially Bailiff Eviction (4 – 8 weeks or more). Our Rent Protection provides all-inclusive financial cover for these legal fees, up to £100,000. This benefit is crucial for landlords, as the combined burden of escalating legal costs and the continuous loss of rental income from a non-paying tenant can be financially devastating.

Furthermore, InStyle Property offers a unique and significant benefit: Court Attendance by an InStyle Property Director.

Unlike traditional policies that often require landlords to attend court (or pay their managing agent’s day rate), an InStyle Property Director will attend court on your behalf, supporting your claim in person and completely free. This saves you valuable money, time, and stress during an already challenging period. While it’s not mandatory, we highly recommend Rent Protection, especially if you rely on your rental income. It’s the smart way to achieve ultimate peace of mind and safeguard your investment.

Two Comprehensive Rent Protection Solutions – You Decide!

At InStyle Property, we understand the importance of consistent rental income and peace of mind. That’s why we offer two distinct rent protection solutions, seamlessly integrated with our management service. You choose the option that best suits your financial priorities. The key differences lie in the speed of payment during a tenant default and the initial float fund contribution.

Rent on Time: Guaranteed Rent on the Due Date, Each and Every Month!  

This advanced option guarantees you receive 100% of your rent on the due date (or within 24 hours), every single month, even if your tenant doesn’t pay. Enjoy immediate, consistent rental income and unparalleled financial security. To facilitate this immediate payment, your first month’s rent payment serves as a dedicated Additional Float Fund (held on account). This allows us to pay you on time, every time, regardless of when the tenant’s payment arrives or the insurance process concludes, ensuring your financial stability is never compromised. Your tenant find and management fees, along with the Standard Maintenance Float (£300 held on account), will be deducted from your second month’s rent. All remaining funds from the Additional Float Fund are returned to you at the end of the tenancy, and any remaining Standard Maintenance Float funds are returned to you at the end of our contract.

Premium Cover: Robust Rent Protection with Flexibility!

Premium Rent Protection offers all the robust coverage of “Rent on Time,” but with a more budget-friendly setup in terms of initial float funds and a short waiting period if rent isn’t paid. Should your tenant miss a payment, you’ll receive your covered rent approximately 30 days after the original rent due date. The only float fund required is the Standard Maintenance Float (£300 held on account), collected from the first month’s rent (or as soon as possible). Our tenant find and management fees are also deducted from the first month’s rent. Any remaining Standard Maintenance Float funds are returned to you at the end of our contract.

Float Funds: Your Property’s Financial Safeguard

Float funds, whether for “Rent on Time” or “Premium Cover” services, are essential for effective and professional property management, ensuring prompt property maintenance and smooth operations across all tenancies. We use a Standard Maintenance Float for all clients, with an Additional Float Fund exclusively for “Rent on Time” clients. Without these vital funds, you risk delays, increased costs, escalating issues, and a lack of financial protection for urgent repairs and fees, especially if a tenant’s rent is late or missed. These readily available funds are indispensable. They foster strong contractor relationships by enabling fast service without upfront payments, reduce administrative overheads by streamlining our processes and minimising management fees, facilitate prompt payments to contractors upon job completion, guarantee faster maintenance, help prevent minor issues from escalating, and provide crucial investment protection by helping you meet legal obligations and maintain your property’s value.

Standard Maintenance Float: £300.

We hold a £300 Standard Maintenance Float from your first rent collection (or as soon as funds are available). This covers general maintenance, fees, and expenses throughout the tenancy. Any funds spent are automatically replenished monthly from your collected rent, maintaining a continuous £300 on your account. Your monthly statements will show full details. This immediate access to funds is vital for effective management, especially during emergencies or when we can’t immediately reach you for approval. This float ensures urgent repairs, and any immediate fees are always covered, even if a tenant’s rent payment is late, and prevents minor issues from escalating.

Additional Float Fund (Exclusive to “Rent on Time” Clients).

To deliver the smooth, guaranteed experience of “Rent on Time,” we hold an additional float fund equivalent to one month’s rent on your account. This is in addition to the standard £300 maintenance float. Your first month’s rent payment is dedicated to establishing this additional float fund. Consequently, the standard £300 maintenance float and any relevant fees (like our tenant find and management fees) are then collected from your second month’s rent.

Landlords receive 12 months of Comprehensive Rent Protection absolutely free for the first year!

Choose between Premium Cover for robust security or Rent on Time for guaranteed immediate cash flow. Both options are complimentary for your first year. While the specifics of initial float funds, fee deductions, and payment speed for missed rent vary slightly between plans, our tenant find and monthly management fees remain the same for both, ensuring consistent pricing regardless of your chosen protection option.

No Set-Up Fees

We don’t charge any set-up fees for implementing your initial 12 months of Rent Protection. This means you can maximise your returns without worrying about additional admin costs.

Rent Protection for Existing Tenancies

Even if you already have a tenant in your property, we can still provide and implement Rent Protection. Contact us to discuss Rent Protection options for mid-tenancy cover. Please note, additional fees may apply in these circumstances.

Option to Renew Upon Expiry.

When the 12-month policy term ends, you’ll have the choice to extend, ensuring continued protection if you wish (additional fees charged, subject to market rates at the time of renewal). Alternatively, you can source your own rent protection cover or continue letting without any rent protection.