A GUARANTEED RENTAL – AN OPPORTUNITY YOU JUST CANNOT AFFORD TO REFUSE

Property Lifestyle now offers you the landlord a full-proof guaranteed rental income should your tenant default on rent payments, or just simply moves out overnight.

With recent changes to the South African legal system pertaining to landlords and tenants, and the generic risks associated with property letting, horrific stories of defaulting, and non-vacating tenants are becoming the source of many landlord's worst nightmares.  In order to bring back property letting secure income streams, peace of mind and hassle-free involvement, Property Lifestyle, working in conjunction with Liso Consulting one of its partner companies which is an authorised registered financial services provider is able to offer a Landlord Protection Policy, underwritten by Santam Insurance to all Property Lifestyle’s landlords.

The policy guarantees your monthly rental income, covering legal costs and providing the necessary qualified legal resources to achieve tenant eviction, landlords can once again rely on their monthly rental income.  With the protection provided being not only relevant but also affordable. This Landlord Protection Policy is a standard feature Property Lifestyle has to offer to our Landlords.

 WHAT EXACTLY WILL THE PRODUCT DO FOR YOU?

The Landlord Protection Policy provides the following benefits:

Cover for loss of rental income

Cover of legal costs

Handling of the legal procedure by selected legal experts

Obtaining an eviction order where necessary

Peace of mind

Alleviation of emotional strain

Significant time saving

WHO SHOULD THINK ABOUT THIS COVER?

The Landlord Protection Policy is suitable for and available to all owners of fixed property that enter into written lease agreements for residential purposes.  If the property is leased through Property Lifestyle the necessary arrangements can be made with us to incorporate the product into existing or future leases.

HOW WILL THE PAYMENT OF PREMIUMS WORK?

All insurance policies monthly premiums are paid via a debit order off your account for your convenience.

PLACING TENANTS IN YOUR PROPERTY?

We run credit checks on prospective tenants by making use of the following credit bureaus - The Specialised tenant credit enquiries, Transunion and Experian. We then submit the results to Santam Insurance to underwrite your Landlord Protection Plan policy application.      

HOW MUCH WILL IT COST YOU?

Our agent administration fee inclusive of your guaranteed rental premium is 12.56% of your monthly rent.

This means for a little as 2.56% of the monthly rental, you can enjoy all the benefits under the Landlord Protection Policy.

TAX BENEFITS

For most landlords, the cost of the Landlord Protection Policy can be deducted from your rental income when determining your tax position.  (Note: As each person's tax position may vary, it is suggested that you discuss your potential tax benefits from this insurance with your personal tax consultant).

ABOUT THE UNDERWRITERS

The Landlord Protection Policy is underwritten by the Santam Insurance Company. 

Note: This information is for promotional purposes only.  The full terms and conditions, as well as exclusions of cover, are contained in the policy wording.