Skor Protect
Greater certainty for every rental
Skor backs the tenant's profile, strengthening their application and supporting them throughout the rental period, while providing the landlord with greater certainty and security regarding that profile.
For tenants
A stronger application
After creating their profile, the tenant decides to strengthen their application with Skor Protect to provide the property with added security and stand out from other candidates.
Support with your landlord
Have a question or an issue during your tenancy, from an appliance breaking down to how to raise something with your landlord? Skor is there to help you figure out the best way forward.
For landlords
Skor is liable to the tenant.
Skor Protect provides the financial protection for a property that insurance would offer: if the tenant stops paying rent, we compensate you for the missed payment and subsequently claim the amount directly from the tenant.
Skor Protect is a service agreement separate from the lease agreement; Skor is not a party to that agreement.
How it works
The tenant adds Skor Protect to their profile.
During the application process, the tenant can add Skor Protect to their application. This demonstrates to the landlord the tenant's willingness to provide this form of additional guarantee.
The owner accepts it.
The landlord reviews the application and, if it is a good fit, accepts it for the property in question. The tenant has 48 hours to finalize the agreement and notifies the landlord once it is formalized.
The service is activated upon the signing of the contract.
Skor Protect takes effect upon the signing of the lease agreement and renews annually for as long as the lease remains in force, requiring no action from the landlord. If the lease is ultimately not signed, the tenant receives a full refund or may apply the service to a different property.
Common questions
? Who pays for this service?
This is a service the tenant contracts with Skor. Skor backs your profile with the property owner, and we provide guidance throughout the entire rental period.
? What happens if the tenant stops paying for the Skor Protect service?
The current annual payment shall be made immediately, covering the property owner until the end of the term. Skor shall immediately notify the property owner, who may demand additional guarantees or reinstate the terms originally required.
? What happens if the tenant stops paying rent?
If the tenant stops paying rent, Skor works closely with top-tier insurance companies that provide the financial backing to compensate the landlord for the non-payment for the following 12 months and to claim the amount directly from the tenant.
? Is Skor Protect part of the rental agreement?
No. Skor Protect is a separate service agreement between Skor and the tenant. Skor is not a party to the lease agreement and does not assume any position within it.
? Is it legal for the tenant to purchase insurance?
No. Under no circumstances is the tenant purchasing insurance. The tenant is contracting an independent service with Skor.
? Does Skor assume the risk of non-payment?
No. Skor has agreements with insurance companies that provide backing and the necessary financial strength to cover the property owner in the event of non-payment.
? Can the tenant contract Skor Protect on their own?
Yes. The tenant can purchase Skor Protect coverage independently; however, it must always be approved by the landlord.
Questions about this service? Contact us
Skor Protect is a service provided by Madrent Ventures S.L. under a service agreement that is independent of the lease agreement entered into between the landlord and the tenant. Skor is not a party to that agreement.