Many of the owners who were hesitant to assign a property to rent, are released to it thanks to the non-payment insurance. As we already commented in the news 22% of the Spanish rent, it has been observed that in recent years the purchase of housing has declined in favor of rent. Many …

Non-payment insurance helps to encourage rent

Many of the owners who were hesitant to assign a property to rent, are released to it thanks to the non-payment insurance.

As we already mentioned in the news 22% of Spaniards rent , it has been observed that in recent years the purchase of housing has fallen in favor of the rental. Many believe that this change of Spanish mentality is surprising, but the truth is that it goes hand in hand with the current socio-economic context.

Well, in this context the owners find the rent as a profitable activity ( prices and demand rise), but there has always been that fear that tenants will stop paying dues. Every time there are more landlords who, to be calmer and have guarantees, hire a non-payment insurance . For example, according to the Mapfre insurer, almost 20% of the owners have one of these insurances and the Idealista portal ensures that 70% of owners who have hired one, renew.

How does the default insurance work?

In general, this insurance offers guarantees to the landlord in case of problems or conflicts that the tenant may give. In the first place, the insurance studies the solvency of the future tenant requesting his work contract and his last payroll, creating a filter required as a condition of insuring the home and once the contract is signed, the owner would cover up to 12 months with his policy of rent owed whenever you notify the non-payment when it occurs. According to the characteristics of the insurance, this would proceed to the payments of the receipts and also to the legal defense and the protection of the furniture.

How much can an insurance cost?

In a house whose monthly rental fees are € 600, the cost of insurance can be between € 250 - € 400 per year.

Default insurance is taking center stage especially in large capital cities .

Other related news:

Is renting money? Many Spaniards no longer think so

The rental price has gone up 25% since 2013

Bases of the photographic compositi...

At least 90% of buyers go to the Internet in search of their home, which means that the first thing they will see of a property will be the photographs. The quality of these will directly influence the perception and decision of potential buyers....

The real estate sector in franchise...

For the fourth consecutive year positive values ​​were obtained in billing, creation of banners and employment July 31, 2018 - The real estate sector is in constant growth since the crisis began to disappear. The incomes go up, the stock is low, and every time there are more brands that decide to franchise their business, ......

Real estate marketing video

A short time ago we talked about the advantages of creating a real estate Youtube channel. One of the tips that was discussed was that the channel could be opened by publishing a trailer or advertisement of the company itself. However, this is only the beginning. The next step is to keep the channel active and get it out ......

Supreme Court judgments on the dist...

Below we present the note of the Civil Chamber of the Supreme Court of January 24. At the end of it, you can consult and download sentences 44, 46, 47, 48 and 49/2019, of January 23. SUPREME COURT CIVIL ROOM TECHNICAL CABINET Sentences 44, 46, 47, 48 and 49/2019, of 23 of ......