Rent Guarantee and Legal Cover

Diamond Service with Guaranteed Rent & Legal Protection. Total Peace of Mind.

 

At 247 Property Services, we understand that rental income is the backbone of your investment. One missed payment can quickly escalate into arrears, legal costs, stress, and uncertainty.

 

That is why we now offer our Diamond Service with Rent Guarantee Protection to our landlords – a robust, insurer-backed solution designed to protect your rental income and provide full legal support if things go wrong.

 

Cost: Just £24.99 per calendar month (Rent under £750pcm) or 13% Inclusive on Full Management (Our Diamond Service) 
✔ Taken directly from the rent
✔ No upfront annual payment
✔ Simple, transparent protection

 

What Is a Rent Guarantee?

Our Rent Guarantee service ensures that your rent continues to be paid if a tenant falls into arrears, while also covering the legal costs of regaining possession of your property where required.

 

This is not a basic policy or a “rent insurance add-on”. It is a comprehensive Rent Guarantee & Legal Expenses solution, underwritten by an FCA-regulated insurer and administered by specialist landlord legal professionals

 

 

What Does Our Rent Guarantee Cover?

When taken alongside our professional property management and referencing standards, this policy provides:

 

 

 

 

Why We Can Offer This – Our Referencing Standards

 

A Rent Guarantee is only as strong as the tenant selection behind it.

 

At 247 Property Services, we operate one of the strictest referencing processes in the market, which is precisely why we are able to offer this level of protection confidently.

 

Our referencing includes:

 

 

 

Diamond Service standards align fully with insurer eligibility requirements and are mandatory for Rent Guarantee acceptance

Referencing Criteria

 

 

Why This Matters for Landlords

 

 

In simple terms: you remove the financial risk from tenant default.

 

 

How Much Does It Cost?

 

Just £24.99 per calendar month (Rent under £750pcm) or 13% Inclusive on Full Management (Our Diamond Service) 

 

• Taken directly from the rent
• No annual lump sum
• No hidden charges
• Can be cancelled in line with policy terms

 

For most landlords, this equates to less than 1 day’s rent per month for full income and legal protection.

 

 

Who Is This Suitable For?

 

✔ Single-property landlords
✔ Portfolio landlords
✔ UK-based and overseas investors
✔ Mortgaged properties
✔ Long-term investment strategies

 

If rental income matters to you, this service makes sense.

 

 

Important Notes (Transparency Matters)

• Rent Guarantee is subject to successful referencing and compliance
• All statutory landlord obligations must be met (Gas, EICR, EPC, licensing, deposit protection)
• Claims must be reported promptly in line with policy requirements
• Full policy wording is available on request

 

We will guide you through everything – this is not a DIY product.

 

 

Why Take Rent Guarantee Through 247 Property Services?

 

Because we don’t just sell the policy – we manage the risk.

 

✔ Experienced property managers
✔ Strong tenant selection
✔ Proactive arrears monitoring
✔ Fast escalation when required
✔ Direct liaison with legal providers

 

This is a managed protection service, not an off-the-shelf insurance product.

 

Just £24.99 per calendar month (Rent under £750pcm) or 13% Inclusive on Full Management (Our Diamond Service) 

 

Rent Guarantee Comparison

With vs Without Rent Guarantee Protection

Feature	Without Rent Guarantee	With 247 Rent Guarantee
Monthly Rent Paid If Tenant Defaults	❌ No – rent stops immediately	✅ Yes – rent protected once claim is accepted
Cost of Legal Action to Evict	❌ Paid by landlord	✅ Covered under legal expenses
Eviction & Possession Support	❌ Landlord must arrange and fund	✅ Fully managed legal process
Length of Rent Protection	❌ None	✅ Paid until vacant possession or policy limit
Additional Rent After Eviction	❌ No cover	✅ Up to 75% rent for up to 3 months if re-letting delayed due to tenant damage
Property Damage Legal Pursuit	❌ Landlord funds claim	✅ Legal costs covered
Rent Arrears Recovery Action	❌ Landlord responsibility	✅ Included within policy
Contract & Tenancy Disputes	❌ Legal fees payable by landlord	✅ Covered
Tax & Legal Advice Helplines	❌ Not included	✅ Included
Total Legal Cover Limit	❌ £0	✅ Up to £100,000 per claim
Financial Risk to Landlord	❌ High	✅ Significantly reduced
Peace of Mind	❌ Uncertain	✅ High confidence protection
Monthly Cost	£0 (but unlimited risk)	£24.99 pcm taken from rent Or included in Diamond Service at 13% inclusive

 

The Reality for Landlords

Without rent protection, one missed payment can quickly escalate into:

• Thousands in lost rent
• Legal fees for eviction
• Long possession times
• Ongoing mortgage and property costs

With 247 Diamond Service & Rent Guarantee, those risks are transferred away from you.

 

For less than £1 per day, your rental income and legal position are protected.

 

Speak to Us About Rent Guarantees

 

If you would like to add Diamond Service & Rent Guarantee Protection to your property, or discuss whether it is suitable for your portfolio, speak to your Property Manager or contact us today.

 

 

IMPORTANT

Rent Guarantee Disclaimer (Intermediary Notice)

Important Information

 

247 Property Services Limited is not an insurer and is not authorised or regulated by the Financial Conduct Authority (FCA) to sell insurance products.

Rent Guarantee Protection is an insurance-backed service provided by a third-party insurer and administered by their appointed representatives. 247 Property Services Limited acts solely as an introducer and intermediary, arranging access to this service on behalf of our landlords.

All insurance cover, policy terms, eligibility criteria, claims handling, and payments are the responsibility of the insurer and their administrators, not 247 Property Services Limited.

By choosing to proceed, landlords acknowledge that:

• They are not purchasing an insurance product directly from 247 Property Services Limited
• Any Rent Guarantee policy is entered into with the third-party provider, subject to their full policy wording and conditions
• 247 Property Services Limited does not provide insurance advice and does not underwrite or determine policy outcomes

Full policy documentation and insurer details are provided before cover is placed, and landlords are encouraged to review these carefully to ensure the product meets their individual requirements.

 

 

247 Property Services
Professional Lettings | Strong Tenants | Protected Rent