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Take the risk out of renting

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

Credit Check

Automatic rent collection

Malicious damage protection up to $10,000

Up to $1,500 reimbursement of eviction legal fees

The Rent Guarantee program that Tenantcube provides was a Godsend for us. As a couple that have a few rental properties in Ontario, we were stressed out after hearing horror stories about tenants staying and refusing to pay rent, knowing that it would take a least 9 months to get a hearing in fron of the Review Board. Since Canada is either in a recession or heading for one, we were concerned that one or more of our well-meaning tenants could be laid off down the road.

Ron Cooper

Landlord

How to get Rent Guarantee

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.

1
Screen Your Tenants

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.

2
Guarantee Your Rent

Upgrade to the Rent Guarantee program and say goodbye to dealing with missed payments.

3
Enjoy Hassle-Free Renting

We will collect your rent and be there every step of the way to ensure that your rent is always paid.

Calculate Rent Guarantee

Calculate your cost for Rent Guarantee and the amount you will be covered for.

Basic plan
5%/mo
Guaranteed Rental Income
Credit Check
Automatic Rent Collection
Property damage protection up to $10,000
$1,500 coverage of eviction legal fees
Industry Leading Support
When we launched Tenantcube our mission was to help landlords rent with confidence and spend more time with their family. As we evolved, we added relevant tenant screening products to ensure landlords are protected. Rent Guarantee was one of those products. Our users now have the confidence that if tenants don't pay rent, Tenantcube pays. Our users sleep in peace knowing that their investment is protected.

Andrews Moses

CEO, Tenantcube

Our Rent Guarantee is backed by Pensio Global

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.

FAQs

Have a few questions? Here are the answers.

What is included in the Rent Guarantee Program?

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

How much does the Rent Guarantee Program cost and how do I pay?

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. 

What happens when tenants miss their rent payment?

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.

What documents you need to start the Rent Guarantee?

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.

Do I have to purchase Rent Guarantee to use Tenantcube?

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.

Can I purchase rent guarantee for existing tenants?

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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