Do you own one or more accommodations that you would like to rent out? It is necessary, beforehand, to be familiar with your obligations as lessor, as well as those of the tenant(s) as occupant(s) of the accommodation. Guarantee against unpaid rent, protection of your property, multi-risk home insurance… Here is everything you need to know to rent with complete peace of mind.
As the owner of real estate, you want to rent it out. Before you can do this, you must meet a few obligations vis-à-vis the future tenant. You therefore undertake to:
Rented accommodation must be protected, that is to say ensured. As an owner, and before entering the territory of the apartment rental, you can simply insure your civil liability, which covers damage to third parties (due to the accommodation you own).
Civil liability covers you in the event of damage resulting from a lack of maintenance or a construction defect which concerned one or more tenants, as well as one or more neighbors or third parties, depending on who would be the victims. To do this, you need to take out insurance called “recourse from neighbors and third parties” which protects you in all cases.
If the accommodation is co-owned, you must check the guarantees taken out under the building’s collective insurance, which generally insures all the buildings (common and private areas) as well as the liabilities incurred by the co-owner. It is then possible to take out additional insurance if the collective insurance is not sufficient or does not cover part of the risks.
In the case of a furnished apartment rental, you have another option: insuring your accommodation, its contents and its responsibilities in the same contract. This is insurance “on behalf of whom it will belong” with waiver of recourse. The advantage of this insurance comes to light during short-term rentals (to students, for example) because it avoids verification of the insurance taken out by successive tenants.
Non Occupant Owner’s Insurance, or PNO, is also a great addition.
How to protect against the risk that a tenant no longer pays his rent? The forthcoming restriction (as of January 1, 2016) of the universal guarantee of rental risks (GRL), which applied to monthly rents of less than €2,000, leaves only two options: to impose a guarantor or to take out additional insurance. hoc.
All tenants are liable for damages caused inside the accommodation occupied during the term of the lease. Depending on the origins of a disaster (fire, water damage, explosion), the tenant may be faced with the obligation to repair the damage caused.
As a result, the law requires the tenant to take out multi-risk insurance to cover this rental liability. It is your guarantee, as the owner, to be compensated whatever happens by the insurer, in place of the tenant, for the amount of damage for which the latter is responsible.
In any case, you can also offer your tenant multi-risk home insurance yourself. It will protect the accommodation in the event of a claim and the tenant will be covered in private civil liability as well as his personal property. An undeniable asset to rent your property with complete peace of mind! Visit this site to find out more.
Be careful, however: these insurance contracts do not apply to seasonal rentals.