Insurance company paying rent – do I need a rent guarantee?Make Text Bigger
I am about to rent out a flat to a couple who need accommodation due to their own home having been damaged by fire.
The rent has been agreed and an AST for 12 months (6 month break) is about to be signed.
I have been informed that the insurance company will actually be paying the rent on their behalf.
Do I need a rent guarantee from the insurance company that they will pay the rent for as long as the tenant lives there?
Would you recommend rent guarantee insurance in this case?
Thanks in advance for your comments.
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