No fixed term lease means no loss of rent claim?

[beachgurl]

I've just been told by my insurer that unless a fixed term lease agreement is in place I have no right to claim rent arears.

Is this standard or specific to each insurer?

 

[HD_ACE]

Specific but comman.

Always check the pds.

Cheers

 

[Ace in the Hole]

I believe this is common too.
Possible exceptions but would be very careful.

 

[Scott No Mates]

You could always argue that the termination provision of the lease is that the tenant must give X days notice if they are holding over. They simply cannot up and leave.

 

[Salvatore1]

Check again with your insurer exactly what the mean. What the may mean is that originally when the tenant moved in a set term lease was in place and signed.

 

[Sez]

It's common with big banks and non landlord specialist insurers. I warn my landlords all the time.

Check the details of your policy and shift over to a landlord insurance specialist who will cover you on a fixed term or periodic term lease.

 

[neK]

Where does Terri Scheer and EBM insurance stand on this one?