It’s always a sensible idea to make sure
you have the right protection if you’re a landlord but new government plans to
increase fees for the eviction court costs could make an oversight far more
painful to your bank balance.
From the 22nd April 2014 the
government plans to increase the cost of application for possession and
accelerated possession claims from £175 to £280 and the cost of possession
claim online is due to rise from £100 to £250.
This will effect landlords finding
themselves in the already unfortunate position of having to start eviction
proceedings if a tenant is in arrears or refuses to vacate a property.
Thankfully these situations are quite rare but when they do occur, they can be
very costly in court fees but also in unpaid rent and in some cases, property
damage.
At Belvoir Melton Mowbray we help our
landlords with any possession proceedings or rent arrears notices as part of
the service. We also offer protection for unpaid rent and court costs from as
little as £11 per month. This also includes 75% of the rent for the 2 months
after the property has been taken back.
Please contact Charlotte or Katie to
discuss the Rent Guarantee and Legal Expenses Cover available for Belvoir
landlords in more detail.
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