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Deposit Insurance solidarity VS Unpaid Rent: choose what guarantee

Since the publication of the law in March 2009 Boutin, landlords are reluctant often between the drafting of a deed of surety and purchase an insurance unpaid rent.
Overview of two solutions for you to choose the best security for your rental investment.

The deed of surety: the cheapest and easiest?

Often landlords think it is simpler, more empowering and less expensive to use a surety. However, this legal act is not without dangers:

• To be valid, the act of surety must be handwritten and adhere to a precise formulation . Otherwise, the legal act may be void and you will have no recourse against the guarantor for the payment of unpaid rent your . Tip: To avoid invalidation of the deed of surety, you can use a template validated legally available on specialized sites.
• To be exploitable, the deed of surety must be provided by a guarantor residing tax in France. If this seems obvious At first glance, the employee part of a transnationals presented as a guarantor ideal may be far less interesting if in the meantime, he is an expatriate in Dubai or China ...
• To be solvent, the guarantor must have sufficient resources actually . While it is commonly accepted that a tenant must not make an effort to rent more than one third of its revenues, the guarantor when with him, has the burden of rent (or credit) payable. Therefore a margin of additional financial security.
• Finally, the MAP and contentious implementation should be performed routinely in duplicate (one destined for the tenant, the other copy to the guarantor)

However, the act of surety has the advantage of being very economical and provides sufficient security when it is made under good conditions.

Insurance unpaid rent: the most expensive and safer?

• If insurers are known difficult to pay, they at least have the merit of having a known address. Also, some difficulties may have provided for compensation are often proportional to the complexity of the insurance claim (disputed circumstances, neglect evident in the constitution of the tenant file, not the timeliness of reporting the claim for unpaid rent etc ...)
• Insurance Unpaid Rent is a contract which obliges the parties who signed it. If possible interpretation of texts, the judge will have no qualms about deciding in favor of the insured, be considered unprofessional.
• Seek a warranty unpaid rent or grl , requires rigor in constructing the record tenant (ask the latest pay slips to the tenant based on the effective date of the lease and not not depending on the date of incorporation of "pre-file", often several weeks earlier; accept photocopies of documents provided that the tenant delivers the original simultaneously ...) you avoid administrative difficulties with your insurer on the day of the accident. The insurance
• cost, which varies according to the guarantees offered (warranty period of rent ceilings capital when damage to property, limits of support for litigation costs, etc. ...). Generally the rate of insurance unpaid rent is a price ranging from 2.50% to 4% of the rent charges included.

The price of an insurance unpaid rent can be put into perspective given its tax deductibility in the income category of land (Art.31 of the CGI).

Reminder: accumulation insurance and surety Imay rents are prohibited

Except in special cases (student apartments and rentals) , the accumulation of unpaid rent and a guarantee of a deed of surety are prohibited by law since Boutin March 2009.

Need a quote insurance unpaid rent?

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http://www.capvie.com/devis-assurance-loyers-impayes.php