PEACE OF MIND FOR LANDLORDS & TENANTS
Renting a property can be a worrying and costly business for landlords and tenants alike. Deposits can be costly, especially when tenants are waiting on a previous deposit to be returned and now, more than ever, landlords want the greatest protection they can when renting out their property – they need to know their rent will be paid.
Luckily, Martin & Co (Chelmsford) can help. Martin & Co’s Landlord Hub, the companies very own tenant referencing facility has been launched to provide Martin & Co offices nationwide with a market leading Deposit Replacement Warranty product that offers tenants who would prefer not to pay out a lump sum deposit, to buy a Deposit Replacement Warranty instead.
By giving the tenant this option, individuals who may not have had the funds to pay a deposit are being given the opportunity to move when they otherwise might not have been able to. This can be very appealing to tenants that are currently renting one property and wish to move to another. Currently they do not get their deposit back until after their existing tenancy ends and they need to pay the deposit for their new property in advance of them moving in – often creating a cash flow problem which sometimes results in tenants not being able to move home.
The product also appeals to tenants who would rather use their money that would normally be tied up in their deposit on furnishing their new home and this product allows them to do just that.
The product benefits landlords by providing a deposit cover protection, up to 8 weeks, should tenants default on rental payments. It also provides cover if a tenant vacates the property without paying the last month’s rent, as well as damage costs. What’s better is that there is no financial cost to the landlord as the tenant pays the premium and in the event of a claim, there is no excess to pay. As soon as a claim is accepted settlements are made within 7 days.
The Landlord Hub’s mission is “To give people more than they expect and to do it cheerfully” making the process of renting a new home, which can be an emotional time, as hassle free and as enjoyable as possible – for the tenant and the landlord. Although a relatively new business they are receiving rave reviews about the service and products that they created.
Deposit Replacement Warranty is just one of a range of cost-effective products and services Martin & Co (Chelmsford) can provide. They also offer Referencing products which provide peace of mind to landlords throughout the tenancy of their property.
To find out how you can benefit from Martin & Co’s Deposit Replacement Warranty, and get total peace of mind, please call 01245330500 or come in and see us today.