Hi everyone
I received the attached advice with my monthly statement from my rental agency regarding insurance claims and tenants staying on under an expired lease, and thought I would raise it for discussion.
So it appears that you can no longer just assume that as long as you have LL insurance, you are covered. I will have to investigate my TS and EBM insurances to see what they don't pay on if the tenant is on an expired lease....
And, I will bring this to the PM's attention and remind her that this is the fourth time I am requesting that she approach the tenants about renewing their lease (she keeps forgetting...)....
I received the attached advice with my monthly statement from my rental agency regarding insurance claims and tenants staying on under an expired lease, and thought I would raise it for discussion.
So it appears that you can no longer just assume that as long as you have LL insurance, you are covered. I will have to investigate my TS and EBM insurances to see what they don't pay on if the tenant is on an expired lease....
And, I will bring this to the PM's attention and remind her that this is the fourth time I am requesting that she approach the tenants about renewing their lease (she keeps forgetting...)....