Rent and Legal Protection Service

For all Managed and Rent Collect Landlords we offer this as an additional service (subject to terms and conditions).   

In the event that your tenant falls into arrears or breaches their tenancy agreement, we can help pay your rent, subject to the protection limits, and evict the tenants for you. Meaning that if your tenants can’t or won’t pay, or if you need possession of your property, you’re protected.

As part of our service to you, we’re able to provide protection for your property by including you as having an ‘interest in’ our Rent & Legal Protection policy with our provider HomeLet. This means you can benefit from the cover detailed below should we make a successful claim, and any sums recovered that are due will be passed on to you. HomeLet will write to you directly to confirm your interest in this once a policy has been arranged.

The Rent and Legal Protection Service with Cherry Lets provides the following:

• Monthly rent paid for up to a maximum value equivalent to fifteen months, which includes 3 months at 75% following Vacant Possession (where applicable) from the date of the first arrears.
• No policy Excess.
• Legal expenses up to £100,000 to cover eviction costs if the tenant is in breach of their tenancy agreement.
• Professional court attendance on your behalf.
• Tenancy changeovers (fully transferable to ensure no gaps in cover when tenants change – providing full referencing is completed on new Tenants).

Peace of mind for Landlords.

As our Landlord you can have your interest noted in our Rent Recovery Plus policy. You don’t have any rights under the policy, but if your tenant does fall into arrears and HomeLet makes a successful claim under the policy, any sums recovered that are due will be passed to you. HomeLet will write to you directly to confirm your interest in this once a policy has been arranged.

Fees for the Rent and Legal Protection Service (inclusive of VAT at the current rate of 20%)

A minimum 12-month period:

Fully Managed (Gold) Service

Where the monthly rental is £1100 per calendar month or less:

£385 per annum as one payment or £33 per month.

Where the monthly rental is £1101 per calendar month or more and less than £2500:

3% of the annual rental per annum or payable monthly.

Rent Collect (Silver) Service

Where the monthly rental is £1100 per calendar month or less:

£400 per annum as one payment or monthly £35 per month.

Where the monthly rental is £1101 per calendar month or more and less than £2500:

3% of the annual rental per annum or payable monthly.

Please call 01869 337346 to find out more.

  *     Subject to satisfactory referencing – an acceptable Enhance reference or if an Insight reference has been completed, a tenancy application score of over 710 is required, only available for UK applicants in full time employment. A HomeLet Insight reference is not a satisfactory reference for a nil excess product or where the monthly rent is over £2,500 a month. We will also accept satisfactory references by other licensed referencing services that have been approved, in writing, by HomeLet.

Please click on the following link for our downloadable brochure - Rent and Legal Protection Service with Cherry Lets