Multiple Tenancies Policy

REAL have many clients who rent their properties out room by room. ¬†Understanding how these types of tenancies work, and the need that is required to cover the ‘common areas’ in this type of dwelling, REAL has designed a policy that will work for you to protect your income and asset.

The property must be owned by one entity and have individual tenancy agreements for each bedroom to a maximum of 5 tenants per dwelling.

Contents in the individual bedrooms as well as the common areas is covered for accidental and intentional damage to a maximum of $25,000 across the property.

Tenancies must be for greater than 28 days to comply with the policy.

If you also purchase REAL’s building/dwelling policy, there is also cover for the building for common areas.

To find out more, please phone REAL on Freephone 0800 00 3545 or +64 9 4380650