Key Benefits of Landlord Rent Protection & Legal Expenses Service
100% of rent paid until vacant possession of the property is gained
Up to 6 weeks at 90% of rent paid after vacant possession
Up to £100,000 in legal expenses including eviction for rent arrears, subletting and failure to vacate after a section 21
Your costs and expenses of:
Recovering possession (including the service of possession notices)
pursuing a civil dispute with your tenant in cases of physical damage to the property (where the dispute exceeds £1000)
evicting anyone who is neither a tenant nor has your permission to occupy it (squatters)
a contractual dispute with a third party where you've bought or hired good or services in relation to the property (where the dispute exceeds £100)
Why take out Rent Protection
Foxtons Rent Protection & Legal Expenses Service means that should something unforeseen happen, you'll get the income you expect from your tenants. You'll also benefit from legal representation to recover your property.
Your tenant's security deposit sometimes isn't enough to cover rent arrears or significant damage. Comprehensive and rigorous coverage could be the difference between regaining your property or defaulting on your buy-to-let mortgage.
With our invaluable Rent Protection & Legal Expenses Service, you'll get the income you're owed and any costs you may incur to recover it, so you won't be out of pocket.
Why Choose Rent Protection & Legal Expenses Service from Foxtons?
London's number one: As the capital's number one estate agency, we get more people selling with us than any other agents and have the biggest network of buyers and tenants.
Four decades of experience: We have over 40 years of experience dealing with property in its various forms, so we can give you in-depth advice on rent protection and more.
My Foxtons app: You can manage properties on the go with the My Foxtons app, which allows you to get real-time updates on viewings, sign documents and more.
The right network: Over 50,000 renters register with Foxtons every month, so pairing your property with the right person has never been easier.
TERMS & CONDITIONS
Criteria
Rent must be payable monthly and Foxtons must collect the rent
Foxtons must hold the deposit
All compliance certificates must be valid at the start and throughout the tenancy: EPC, EICR, GSC, and license where applicable
Past references for each tenant and each guarantor must be obtained
An external inventory must be carried out
Fee structure
The cost of the Rent Protection Service depends on the amount of rent payable per calendar month as follows:
£0 - £3,000 pcm
£350 plus VAT per annum
£3,001 - £5,000 pcm
£450 plus VAT per annum
£5,001 - £7,500 pcm
£550 plus VAT per annum
£7,501 - £8,000 pcm
£650 plus VAT per annum
Insurable Interest
This is not an insurance policy or product. Foxtons' obligation to you under the Rent Protection Service is to make payments to you under (and subject to) the terms and conditions of the Rent Protection Service. In the event we make any payment to you under the Rent Protection Service all your rights to recover such sums against the tenant, occupier or third party (as appropriate) shall be subrogated to us/our insurers to effect recovery of the same (in your name if necessary). By signing the Rent Protection Service terms and conditions you confirm and agree to this. Recovery of any outlay shall be at our sole discretion.
If after having received any payment from us under the Rent Protection Service, you recover any payment from your tenant or guarantor your obligation is to tell us immediately and to forward those funds (up to the amount paid by us) immediately on receipt of the same.
Cancellation
You have the right under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 to cancel Foxtons Rent Protection Service within 14 calendar days from the date upon which it was signed by you.