Safeguard your rental income with PayProtect
Multi-award winning letting agent Peter Alan have announced the release of their new unique rental guarantee product, PayProtect.
PayProtect, which is exclusive to Peter Alan, guarantees that a landlord’s cash flow is not impacted by ensuring that the rent is paid on or around the same day every month, even if the tenant defaults.*
Peter Alan will manage the arrears process on the landlord’s behalf, and will begin possession proceedings as soon as the tenants are two months in arrears. Landlords can feel safe in the knowledge that Peter Alan will ensure that their rent will continue to be paid during this period.
As soon as possession is granted, Peter Alan will pay 75% of the monthly rent to the landlord until a new tenant is found (up to a maximum of two months) in order to allow time to advertise for a new tenant.
Angela Davey, Head of Lettings at Peter Alan, said, “In my experience high on the list of priorities for a landlord is knowing that their rental income is protected. Not only does this product give a landlord complete peace of mind in this regard, it also takes away the worry of having to deal with a claims process when things go wrong. We have high volumes of satisfied landlords who have experienced the benefit of this product and we are delighted to continue to offer it as a unique service both to our current clients and our new customers."
*Terms and conditions apply