ON TIME (*) Many of our clients already protect themselves from possible loss of rent or unforeseen legal costs that could arise should legal action regarding the tenancy of their property prove necessary, as well as being paid the rent due On-Time© every time, even if the tenant pays late or defaults. We pride ourselves in minimising this risk as far as possible through careful screening of prospective tenants. However, in light of the current economic climate the possibility of loss of employment or mounting financial pressures causing a relationship to break up (for example) can transform a hitherto excellent tenancy into a major problem. Existing protection schemes are relatively inexpensive but invariably the cover is restricted and there are other drawbacks such as an excess on the policy and delays in the payment being made for any lost rent. Our market leading and unique On-Time© rent and legal costs protection scheme has been developed to meet the demanding pressures of being a landlord. The scheme covers, in particular:

• Any rent not paid by the Tenant is paid by the Agent to the Landlord on the due date.* • On-Time© rental payments continue for up to 12 months when rent is unpaid or until vacant possession is obtained • When vacant possession has been achieved, payments continue for a further 2 months at 50% of the tenancy’s rent or until a new tenant is found.

• There is no excess to pay. • There is up to £50,000 worth of legal expenses arising in respect of any material breach of the Tenancy Agreement by the Tenant

A key feature of this scheme is that if the Tenant defaults then the rent is paid to you by us from our own funds, enabling you to budget better if you have a mortgage to pay, and even if your tenant defaults on the rent, you need not default on mortgage repayments, thus keeping your property investment intact.

The cost of the scheme is 2.95% of the monthly rent + VAT. This represents excellent value when compared to other similar schemes in the market, and yet provides you with more comprehensive cover tailored to your actual needs. This means that for an average tenancy where the rent is £500 per month, to provide a you with the comfort that the rent will always be paid and that no unforeseeable legal costs could arise, would cost as little as £14.75 + VAT per month.

Example:


JORDAN’S ON-TIME © - CAN YOU AFFORD NOT TO BE COVERED?

Jordan’s On-Time© is subject to terms and conditions and terms and conditions of Agency – for further details please contact your local Jordan’s office

*The Agent will be unable to pay rent under the plan on the agreed rent due date if any one of the following applies:
• The agreed rent due date falls on a Public Holiday or non Working Day or a day when the Agents office/s is closed for what ever reason
• The third party banking system has failed for whatever reason
• The Agent’s accounting software has failed for whatever reason.