Search results

Well, I re-read that thread, but still not sure if Dazz had a cash bond or bank guarantee that he was able to access AFTER the tenant went into voluntary liquidation and DOCA... ? In this scenario though, the administrator was still obliged to pay rent + outgoings after a 7 day period while...

That's interesting, possibly while in liquidation, as each month goes by with no rent coming in, the LL (landlord :)) could get the rent outstanding (+ outgoings) for that month from the bank guarantee? Or it might be paid to you from the administrator anyway? I don't know the first thing...

That sounds good... So if a tenant goes bankrupt and is unable to fulfil the initial lease commitment to term and you had a 6 month unconditional bank guarantee in place, you could go to the bank and collect a full 6 months rent upfront? And if you re-lease it in less than 6 months time...

Actually, if it is bankruptcy that is the reason for rent default, then I'm not so sure if the bond can be used or whether a bank guarantee is of any use... ??

At mum and dad comm level bank guarantees may be better... ? As the tenant could use other security against the bank guarantee I presume (rather than cash up front)... ? And the CGU rent default cover of 50k seems useful here too. In some ways the biggest risk in CIP is covered for with...

Your welcome, just doing my bit... I rang around a few insurers and "rent default insurance" seems pretty unique to CGU. If anyone can find another insurer doing this too I'm all ears... I haven't read the policy details yet, but the front blurb suggests that the property has to be...

Hi there, For a landlord of a commercial property, are the relevant insurances the same as for residential property? Just building insurance with public liability? Is there any other relevant insurance...