The requirements to be met by your tenant when contracting rent non-payment i...

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If you want to rent your home , and in the safest way possible, the best option is to take out rental insurance. With it you can feel protected against possible non-payment of rent or incidents with the lease. Discover everything you need to get one.

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What is rental insurance?
Non-payment of rent insurance is a policy that guarantees the owner the Bolivia Phone Number List collection of rent. The coverage offered usually varies depending on the company, but as a general rule, they usually offer:

Guaranteed collection every month , up to a limit established in the policy.
Legal and tax advice , where you can consult to make inquiries about the obligations and rights of both parties.
Immediate eviction action in cases of non-compliance with obligations.
But not only that, in many cases with rental insurance the incidents that you may have with the rental are also covered:

Damage and damage to the contents of the home (such as furniture and its conservation).
Vandalism acts.
Locksmith and lock costs.
Maintenance of the rented property.
Advice when choosing a good tenant.
Legal defense coverage in the event of a possible eviction.
Claims for violations of legal regulations.
Claims against the community of owners.
Telephone legal assistance.
Most companies cover between 6 and 12 months of unpaid rent, with the price of the insurance being higher the more months of coverage they offer. Thus, if, for example, you rent your apartment today with a policy that covers up to 12 months of non-payment, and your tenant pays religiously every year, but stops paying in the insurer will cover unpaid rent until January 2031.





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According to the Urban Leasing Law (LAU), the landlord and tenant can agree who will assume the costs of contracting rental insurance . Of course, in practice, it is usually the owner who pays for the insurance. The price of rental insurance can vary depending on the company, but usually ranges between 3% and 5% of the annual rental income.

The requirements for rent non-payment insurance
In order to contract rental insurance, there are some requirements that the tenant must meet :

It cannot be in any delinquency record.
Economic solvency study.
That you have an employment contract.
That there is a rental contract.
That your annual income is below 45% of the amount of the annual income.
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Rent your apartment quickly and safely
When renting an apartment, several problems may arise, which can be difficult to deal with without professional help. That is why at Housfy Rental we offer a comprehensive rental management service, where you can count on complete support from our real estate experts . Don't hesitate, contact us and rent your apartment safely.