You can safeguard yourself against late rent payments with the use of our Rent Guarantee program. Simplifying your life when you need the support.
When your tenant stops paying rent, we make up the payments until the tenant vacates the property. This applies up to one year or $60,000 in rent is covered.
Even the best tenants fail sometimes. We’ll be your safety net if that happens.
Guaranteed rental income
Automatic rent collection
Malicious damage protection up to $10,000
Up to $1,500 reimbursement of eviction legal fees
Sometimes even the best tenants may have difficulty making rent. Tenantcube's Rent Guarantee protects your rental income so you can take the risk out of renting.
Invite your tenants to apply online and receive a detailed report including an Equifax credit check, income and employment history, criminal records, a social media scan and more.
Upgrade to the Rent Guarantee program and say goodbye to dealing with missed payments.
We will collect your rent and be there every step of the way to ensure that your rent is always paid.
Calculate your cost for Rent Guarantee and the amount you will be covered for.
Pensio’s performance is secured by a Performance Bond, insured by a Surety rated A.M. Best A- (excellent) or better issued by a licensed insurance broker.
Have a few questions? Here are the answers.
The Rent Guarantee program includes:
– Guaranteed Rental income for up to 12 months or $60,000 per lease
– Automatic Rent Collection via EFT
– 1 FREE Tenant Credit & Background Check
- Malicious damage protection up to $10,000
- Up to $1,500 paid in reimbursement of eviction legal fees
The monthly fee is 5% of the rent amount, you get the Tenantcube platform for FREE with every Rent Guarantee purchase. You can choose to pay monthly or annually using your credit card on file.
We collect the rent on your behalf, so we will be aware right away if the tenant hasn't paid. We will then take the necessary steps to get in touch with the tenant and collect the payment. While you begin the eviction procedure with our staff, we will continue to pay your rent for up to 12 months if the tenant continues to be unresponsive.
To start the Rent Guarantee we need the following documents:
1. Credit Report for each tenant – easily purchased on Tenantcube
2. Proof of income in the form of recent Paystubs, T4, Bank statement or Employment Letter
3. Your valid signed lease agreement
Additionally, we advise the landlord to conduct a pre-inspection report that includes photographs of the property and describes its state prior to the tenant's move-in. The report should also include documentation of the landlord's property and liability insurance.
No, Rent Guarantee is optional and you can use our technology without requiring to purchase Rent Guarantee. Some of our landlords purchase Rent Guarantee on only a few of their units.
Yes, we can guarantee your new as well as mid-lease tenants. For existing tenants, please contact sales@tenantcube and we can help with the onboarding into the program.
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