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Whether you are leasing an extra property or are a large-scale commercial property lessor, the property rental process has become abnormally tricky. And in an age where both time and cash flow are increasingly important, the need to minimise risk is greater than ever before. On the other side of the coin, lessee’s also face a number of challenges – with saving for unreasonable deposits at the top of that list.
RBS Rentshield takes an innovative approach to rent-related risk management in a way that benefits property owners and tenants alike.
If necessary, RBS Rentshield will implement and control any eviction process in full compliance with the Consumer Protection Act. Landlords will also be covered for the loss of rental as a result of eviction, loss of rental should tenants abscond and enjoy protection against unpaid electricity bills and malicious damage to property.
RBS Rentshield offers rental agents a host of advantages, including: the opportunity to grow their rental property portfolios without the hassle of admin work, the ability to offer landlords a greater peace of mind and – given that tenants don’t put down a deposit – agents no long have to manage time consuming trust account administration. What’s more, there is no charge for the thorough credit vetting of potential tenants and no cost for property inspections.
RBS Rentshield tenants pay zero deposit – freeing up more disposable income and making the lease more affordable and attractive. It also opens up a wider choice of properties that tenants can call home.