Released | 06.09.2024
System Release Notes | Rent and Legal Compliance Enhancement
Release Overview:
A new feature has been released to enhance compliance when adding a Rent and Legal Protection policy.
Now, if you attempt to activate a Rent and Legal Protection for properties with rents exceeding £100,000 a year, BOX will flag a warning to prevent you accidentally adding cover. This will prevent non-assured tenancies, which cannot be covered under your Rent and Legal Protection policy, from being added in error.
Plus, when it’s a Let Only tenancy, Rent and Legal Protection can only be purchased if you have a regular rent review clause in place with your landlords. To ensure you comply with policy requirements, BOX will now prompt users when they add cover for let only tenancies.