If you are a landlord and rent out a house in Italy, you might be aware of possible problems with tenants in the rental process. In the case troublesome tenants, what can you do to solve the situation? In addition to eviction, there are also some alternative solutions. Let's find out what they are.
First of all, if the tenant no longer pays the monthly rent agreed in the rental contract, then the landlord is forced to contact a lawyer to initiate the eviction procedure. However, the subsequent forced eviction can take a long time. Landlords, in fact, in addition to no longer receiving the amount of rent due, must wait at least one year to regain possession of the property. It is therefore reasonable to think of alternative solutions able to guarantee against the risk of a tenant's insolvency.
In this case, there are essentially two ways to go: the tenant provides a guarantee to the landlord or the owner takes out an insurance policy.
The provision of guarantees by the tenant represents the most convenient solution, as there is no cost for the landlord, but it is also the most difficult to implement, because it is difficult to find a tenant willing to issue a bank guarantee, insurance or other type of guarantee which will turn out to be truly effective.
The stipulation of an insurance policy by the landlord, therefore, represents the easiest solution. In this case, the owner of the property agrees an insurance contract with an insurance company, with the aim of protecting themselves from the risks associated with the tenants who cease to pay their rent.
If an insurance policy is taken out, owners must pay attention to several aspects. First of all, you must check which specific risks are actually covered by the insurance. For unpaid premiums, it is necessary to check whether there are any maximum limits (for example, a maximum number of months or a maximum refundable amount) and therefore, to assess whether the amount of the premium requested is appropriate.
Attention should also be paid to compensation amounts for any damage caused by the tenant to the leased property. Particular attention should be paid to the fact that, in order to avoid easy abuse by the contractor, in many cases the policy will only be operational once the contract has been properly executed by all parties over a certain period of time (meaning that cases of non-payment from tenants that occurred before the beginning of the contractor's relationship cannot be reimbursed).