Rent Guarantee Warranties and Rent Protection Insurance sound similar, but there are some important distinctions you need to know about.
For example, while warranties are more cost-effective, they’re not regulated. This increases the risk for anyone in such an agreement.
By contrast, Rent Protection Insurance is standardised and regulated, reducing risks for customers. Because of this, it’s taxed, making it more expensive.
In this blog, we’ll outline all the key differences between the two and help you come to a decision about which coverage is best for you, with the Renters’ Rights Bill only months away.
Goodlord is an England-based lettings platform that provides solutions such as tenant referencing and rent collection for real estate agents and landlords.