Here at 247 we can offer a new product to our landlords. 247 can offer full eviction protection for just £2.50 pw Week.
Up to £100,000 legal cover.
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Our Legal team arrange the eviction and legal return of your property
NEW LANDLORDS ONLY.
Terms
The Insurer will only indemnify the Insured for Insured Incidents subject to the Limit of Insurers Liability for an Insured Incident where the dispute and legal proceedings are or would be within the Territorial Limits and the Insured Incident occurs during the Period of Insurance.
It is a condition under this Section that:
1. the initial Tenancy Agreement is for a fixed term of no more than 12 months unless the Tenancy Agreement allows the Beneficiary Landlord to terminate the Tenancy Agreement after the initial 12 month period, and;
2. the Property is for and remains solely for residential use and;
3. the Tenant is aged 18 years or over and;
4. the Tenancy Agreement requires the Rent to be paid in advance;
5. the Insured did not allow the Tenant in to possession of the Property before: x the Property Management Agreement was signed by all parties; x the Tenancy Agreement was signed by all parties and; x a Tenant Reference was obtained and; x all necessary statutory pre-grant notices to the Tenant were effectively issued and; x the first months’ Rent and the Deposit were received in cash or cleared funds (excluding credit card payments unless cleared over 120 days before the start of the Tenancy) by the Insured and;
6. during the Tenancy Agreement the Insured must: x have kept full and up to date rental records and; x not have allowed the Tenancy Agreement to be transferred to any other individual or organisation.
The Insurer will only indemnify the Insured for Insured Incidents subject to the Limit of Insurers Liability for an Insured Incident where the dispute and legal proceedings are or would be within the Territorial Limits and the Insured Incident occurs during the Period of Insurance. It is a condition under this Section that: 1. the initial Tenancy Agreement is for a fixed term of no more than 12 months unless the Tenancy Agreement allows the Beneficiary Landlord to terminate the Tenancy Agreement after the initial 12 month period, and; 2. the Property is for and remains solely for residential use and; 3. the Tenant is aged 18 years or over and; 4. the Tenancy Agreement requires the Rent to be paid in advance; 5. the Insured did not allow the Tenant in to possession of the Property before: x the Property Management Agreement was signed by all parties; x the Tenancy Agreement was signed by all parties and; x a Tenant Reference was obtained and; x all necessary statutory pre-grant notices to the Tenant were effectively issued and; x the first months’ Rent and the Deposit were received in cash or cleared funds (excluding credit card payments unless cleared over 120 days before the start of the Tenancy) by the Insured and; 6. during the Tenancy Agreement the Insured must: x have kept full and up to date rental records and; x not have allowed the Tenancy Agreement to be transferred to any other individual or organisation.
Exclusions The Insurer shall not be liable to indemnify the Insured in respect of an Insured Incident:
1. arising from or connected to pursuit of the Tenant or the Guarantor for unpaid Rent or damages for unauthorised possession;
2. arising from or connected to the Beneficiary Landlord’s performance of his obligation under the Tenancy Agreement;
3. relating to the payment or non-payment of a service charge;
4. notified more than 45 days after the first breach of the Tenancy Agreement by the Tenant;
5. where any Rent arrears arose within the first 3 complete monthly rental periods in the Period of Insurance if the Tenancy Agreement commenced before the Period of Insurance (unless evidence of continuous equivalent insurance immediately prior to the period is provided).
6. where a Tenant required a Guarantor to obtain the appropriate Tenant Reference and the Guarantor was not correctly assigned to the Tenancy Agreement; and/or
7. where the total amount of Rent owed is less than £250.
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