A Rentmigo guarantee pays you if your tenant doesn't pay their rent.
What's included
Up to 12 months of unpaid rent
For 3 years from the start date of the Rent Guarantee Agreement
Up to £100,000 in total across the guarantee, including legal costs
Monthly rent of up to approximately £8,000, and sometimes more
Full management of recovery, including possession proceedings and legal costs
Rent increases
Rent increases are included as long as the total increase is no more than 10% above the rent at the start of the guarantee.
An example
If the rent is £2,000 a month and the tenant stops paying, Rentmigo can pay up to 12 months of arrears, which is £24,000.
What isn't included
Damage to the property
Utility bills
Council tax
Any costs not related to rent
These are usually handled through the tenancy deposit and your normal processes.
Where to check the details
The specific details for each tenant are on their guarantee certificate in your dashboard.