EVICTION PROTECTION PLAN

Best in class Eviction Protection Program

Eviction of a tenant is a justifiable fear for any rental home owner. The expense, the time, and the uncertainty all combine to create a large out of pocket expenditure, often putting you in the red for months. Evictions are becoming more common; landlords face squatters, roommates that won’t leave, and folks that just can’t pay (or won’t). Evictions are a serious matter for property owners and the costs can easily reach into the thousands of dollars.

Holland Properties has been very careful and full evictions rarely happen in our portfolio. We try hard to select good tenants that take care of your homes but we don’t have a crystal ball to see the future and bad things can sometimes happen.

At Holland Properties we understand one of the downfalls of being a small business owner is the risk of unexpected expenses. This is why we have developed a special program to help cover these expenses when they are incurred at one of your properties.  We strive to provide the very best when it comes to eviction protection. 

For the low monthly fee of 0.5% of the monthly rent per unit, EPP will protect you from the following:

• Court filing fees
• Multiple trips to the courthouse
• Preparing and serving notices
• Mediation costs
• Representation at first appearance
• Trial expenses
• Attorney expenses
• Scheduling the lockout with the Sheriff’s department
• Attending the lockout with the Sheriff
• Locksmith costs if needed
• Time at the property during the move out

The fine print:

• Holland Properties reserves the right to not allow a property to be in the program.
• The amount paid is up to, but not exceeding, the equivalent of one month’s rent as specified in the current Tenant lease agreement.
• Physical property damage and loss of rent are not covered.
• Cancel anytime and the program will terminate at the end of the following month to allow processing time.
• If you own multiple properties or units you must enroll all or none and each pays the fee.
• The eviction coverage is for tenant caused issues. For example if the owner does something to create the situation, like not paying the mortgage or HOA payments or not approving a maintenance issue in a reasonable time, the EPP cannot be used for the eviction expenses.

If you are interested in this coverage there is an addendum that can be added to your management agreement.