What is a company let agreement?
A ‘company let agreement’ (or ‘company let tenancy agreement’) is where a company or organisation has signed a residential tenancy agreement with a landlord, rather than an individual tenant. For example, a common scenario for a ‘company let’ would be where a company rents a property for one of their employees because they’ve had to relocate for their job.
Can Endsleigh cover a company let agreement?
Endsleigh is able to provide landlord buildings and contents insurance for company let tenancy agreements, however there must be an agreement in place between the company and the tenant, as well as a formal tenancy agreement between the company and the landlord.
If you want to take out rent guarantee insurance for your company let property, depending on your insurer you will likely be required to run a credit check against the company renting the property as a minimum, as this will ensure they are solvent and can afford the rental amount.
What about commercial tenants?
Endsleigh is also able to offer commercial landlord insurance for properties that are let to commercial tenants, for example, a property that is occupied as a shop downstairs and a residential flat upstairs.
Commercial risks can be complicated, and therefore landlords require slightly different cover for these properties. Commercial property insurance can include:
- Commercial buildings and contents insurance, including the option to add cover for shop front glass
- Property owners’ liability insurance
- Commercial legal expenses
- Loss of rent cover
Find out more about commercial property insurance.
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