Management
Landlord Insurance
Insurance specifically for rental properties
Full Definition
Landlord insurance covers buildings, contents (if furnished), liability, and optionally rent guarantee and legal expenses. Standard home insurance doesn't cover rental properties. Costs vary from £150-400 annually depending on property and coverage. Always inform insurers the property is tenanted.
Related Terms
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Analyse a PropertyMore Management Terms
Letting Agent
Company managing property lettings and tenants
Void Period
Time when property is empty between tenancies
Rent Arrears
Unpaid rent owed by tenant
Tenant Referencing
Background checks on prospective tenants
Guarantor
Person agreeing to cover tenant's rent if they default
Maintenance Reserve
Funds set aside for property repairs