My management company emailed me today telling me that my tenants are now 2 weeks in arrears and they've applied to the tenancy tribunal to terminate the tenancy (anyone know how long this tends to take?). It's a bit of a pity, because apart from paying rent late, they've looked after the house and garden very well. Also I think they'll have trouble finding 5+ bedrooms in CHCH that allows 2 cats and a large dog, but that'll be their problem.
Of course it's too late for this situation, but I really would have liked to have had landlords insurance to cover the potential shortfall in rent. Does anyone have any recommendations for landlord insurance? Anyone have any horror stories about intentional damage to property and why you should have LL insurance? Any recommendations for insurance brokers?
At the moment I've just got a landlord add-on as part of my house insurance that just covers 10k of property damage but nothing else.
Of course it's too late for this situation, but I really would have liked to have had landlords insurance to cover the potential shortfall in rent. Does anyone have any recommendations for landlord insurance? Anyone have any horror stories about intentional damage to property and why you should have LL insurance? Any recommendations for insurance brokers?
At the moment I've just got a landlord add-on as part of my house insurance that just covers 10k of property damage but nothing else.
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