PropTech provider Canopy is linking with a legal protection service which it says could enhance agents’ offer to landlords.
If the tenant does not pay rent, then Canopy’s Rent and Legal Protection policy offers protection for up to 12 months’ rent paid in full, property damage cover, help with legal proceedings in the event of evictions of tenants or squatters, plus an advice helpline.
Canopy says agents can also offer a rent tracking service which helps tenants report their payments data to the Experian and Equifax credit firms.
Canopy founder Tahir Farooqui says: “We are thrilled about our partnership which enables us to offer a value-add service to the letting agents and landlords. For many landlords, their rental income is a key source of their financial stability.”
This post has originally been featured in Letting Agent Today.