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1. Order a tenant screening report from TenantAlert
When you view the report results you’ll see if your tenant qualifies (most tenants do).
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2. You or your tenant may purchase LeaseGuarantee
After the report is ordered you’ll have 10 days to get LeaseGuarantee. You may bill your tenant or purchase LeaseGuarantee yourself.
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3. Your rental is protected!
LeaseGuarantee covers all individuals on the lease agreement up to the contract amount you selected for 12 months and is renewable.
Low Cost Rent Protection
LeaseGuarantee protection starts at only $299/yr and can be purchased by you or your tenant. You’ll get thousands of dollars worth of protection in case your tenant skips out, leaves damages, or gets evicted. Rates may vary depending on your tenant’s credit and eviction history.
Annual rates start at:
- $299/yr for $2,500 protection
- $598/yr for $5,000 protection
- $897/yr for $7,500 protection
- $1,196/yr for $10,000 protection
Fill Vacancies Faster
Don’t waste time or money waiting for the best tenant. LeaseGuarantee eliminates your risk.
Some landlords ask tenants with low credit scores to purchase LeaseGuarantee as an additional move-in requirement. This is better than asking for a larger security deposit or cosigner because you’ll get more protection and your tenant will pay less out of pocket.
No Deductible
Request for reimbursement is easy to file. Just submit a copy of the court judgment, lease agreement, and rental application. No deductibles required!
You’ll get reimbursed quickly without having to hunt down your tenant for what they owe. It’s guaranteed cash in your pocket!
Better Than a Security Deposit
As you may already know, a security deposit isn’t always enough. With LeaseGuarantee you’ll have thousands of dollars of protection and you can potentially help your tenant reduce their move-in costs.
Use LeaseGuarantee instead of a security deposit, in addition to a security deposit, or as a means to reduce your required security deposit.
FAQ
Can I get LeaseGuarantee for current tenants?
Yes, if a tenant has already moved in, you would need to order a tenant screening report through TenantAlert to qualify them for a LeaseGuarantee. Your tenant would need to provide you with written permission to do this.
If I have co-applicants do I need to get LeaseGuarantee for all of them?
No, if a LeaseGuarantee contract has been offered and the LeaseGuarantee has been paid for one tenant on the lease agreement, then all tenants listed on that lease agreement are covered.
How long is the LeaseGuarantee contract good for and is it renewable?
A LeaseGuarantee contract is valid for 12 months from the date of purchase, unless you contact us to request a different starting date. After the 12 months is up you can renew for another 12 months. For $24.99, we can offer a new LeaseGuarantee contract to anyone that has maintained or improved their credit status. The LeaseGuarantee fee may vary for renewals.
How can I file a claim?
Login to your TenantAlert account and click on LeaseGuarantee History in the menu to request reimbursement. You will need to submit a copy of the lease agreement, rental applications, and court judgment. Your request will be reviewed and you will receive a response within 5 business days.
What if my tenant stops paying rent?
If you are unable to negotiate a mutually acceptable settlement with the tenant(s), you must obtain a court judgment against every adult listed on the LeaseGuarantee contract and lease. Upon receipt of the court judgment, submit it to TenantAlert. Your request will be reviewed within 5 business days and you will be reimbursed the amount of the judgment up to the maximum LeseGuarantee contract amount, whichever is less.
If my tenant pays for LeaseGuarantee am I still the beneficiary?
While LeaseGuarantee can be paid by the landlord or tenant, the landlord receives 100% of all the LeaseGuarantee contract benefits!
