WHAT IF THERE WAS A WAY THAT
YOU COULD TAKE THE RISK OUT OF
RESIDENTIAL PROPERTY LETTING?
Today, some 2.3 million people rent property in South Africa. There
is huge potential in the rental property market – but every landlord
or estate agent will tell you that there are also risks associated with
letting residential property.
What if there was a way that you could take all the
legwork out of the letting process, and alleviate the
risks at the same time?
Rentshield has introduced a new, first-to-market, “zero deposit”
residential letting tool that helps landlords and estate agents
manage their property portfolios more efficiently and effectively.
Benefits to landlords:
•
Eviction costs: Rentshield covers legal costs up to R50 000 for the eviction of a nonpaying tenant. They also manage the eviction process.
•
Loss of rental income due to eviction: In line with the Consumer Protection Act,
tenant eviction is a lengthy process, often taking as long as three months. Rentshield
protects the landlord against loss of income during this time, offering coverage of up to
three month’s rent.
•
Loss of rental income due to absconding tenant: In the event of a tenant
absconding from the property before the stipulated rental period is complete, Rentshield
will cover up to one month’s rent.
•
Unpaid accounts and malicious damage: Utilities payable by the tenant that are in
arrears, such as electrical bills, as well as malicious damage caused to the property by the
tenant, will be covered by Rentshield up to a combined amount of one month’s rent.
•
Damages caused to property: Rentshield will cover up to one month’s rent for
damages to the property caused by the tenant.
•
Peace of mind: You can rest assured that Rentshield will take care of all the legwork
associated with property letting.
The cost of Rentshield is included in the total monthly rental paid by the tenant. To qualify, tenants must be South
African citizens and be able to afford the rent. All leases protected by Rentshield must be a minimum of 12 months.
For more information, visit: www.rentshield.co.za or call 0861 DEPOST / 0861 376748.