Sunday 05 September 2010
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MAS introduces Tenant Performance Bond
Posted 08.06.09
MAS Lettings have pleasure in introducing the Tenant Performance Bond, this insures you the landlord against Rent Loss, Damage and Legal Fees. The tenant pays a small fee directly to the agent who then insures that tenant with the Tenant Performance Bond.
If the tenant fails to pay rent or damages your property you can claim against your bond to a maximum of three months rent or £2250 which ever is the lesser. It also covers legal costs if you need to remove a problem tenant.
This new scheme also assists the tenants during this difficult financial time. They do not need to be able to find a huge lump sum for the deposit as there fee is affordable.
Please ASK MAS ! for more information on this unique product.