Renters Rights Bill: Updates to Our Terms and Conditions and Landlord Insurance

 

Due to the changes in The Renters’ Rights Bill, anticipated to be enacted later in 2025, the insurers that Quealy & Co. work with for rent and legal protection have revised their policy to accommodate these expected changes. The updated policy provides enhanced protection for landlords.

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Key highlights of the changes to the insurance policy include:

• Rent protection - Safeguards if the tenant fails to pay rent until vacant possession is achieved.
• Rent recovery - We will pursue tenants on your behalf to recover outstanding rent.
• Payment after vacant possession - Provides 90% of the rent payment for up to 6 weeks after vacant possession is secured.
• Eviction management - We will handle legal proceedings to evict tenants who fail to meet their tenancy agreement requirements or squatters occupying the property without consent.
• Property damage - Legal cover to pursue tenants for property damage exceeding £1,000. Additionally, up to £250 is covered for damage exceeding the deposit amount.
• £100,000 indemnity limit - The maximum amount payable in the event of a claim.
• Contract disputes - Covers costs and expenses for disputes with parties with whom there is a direct contractual relationship.
• Alternative accommodation and storage costs - If your landlord needs to move back in after gaining vacant possession, we will cover their alternative accommodation and storage expenses for up to 30 days.

This policy is proving particularly popular given the additional regulations imposed by the Renters Rights Bill. If you are not currently utilising our Rent and Legal Protection Insurance and wish to learn more about the coverage, please contact us.

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Updates to Quealy & Co. Terms and Conditions

With new laws, landlords now carry extra responsibilities in managing tenancies. Many might not realize the risks of managing alone. That’s why we’ve lowered our Rent Collect service fees, encouraging landlords to stay compliant with our assistance.

Check out our updated terms and conditions by clicking here.

Call us at 01795 429836 or email us at hello@quealy.co.uk to speak with a friendly and experienced member of our team about anything related to your rental property.