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Financial Guide to Renting

Lease Rental Bond Policy (NY) / Lease Residual Value Policy (Other States)

Tenant Participation Agreement FAQs  
 
 

Home > Landlords, Condo/Co-op Owners > Lease Rental Bond Policy

 

Lease Rental Bond Policy (NY) or Lease Residual Value Policy (Other States)

For landlords, the Insurent® Program is a unique no-cost method to increase occupancies, eliminate rent loss, and streamline the rental process for all parties where the prospective renter does not meet your minimum financial requirements, and needs to put up additional security, prepaid rent, or have a qualified co-signer at 75x-100x the monthly rent.

The landlord accepts the Insurent® Program; the renter pays for the Insurent® Lease Guaranty. There is no change to the landlord's procedures, including the requirement for the payment of the first month's rent and the payment of one month's security to the landlord at the execution of the Lease.

The signup procedure is a simple process. It just requires the signing of the Lease Rental Bond Policy (NY) or Lease Residual Value Policy (Other States) per building. This Master Policy allows each building to be covered under the Insurent® Lease Guaranty Program. Upon a prospective renter not meeting the landlord's financial requirements and qualifying for the Insurent® Lease Guaranty, the renter executes the Tenant Participation Agreement, and pays the Insurent® Guaranty Fee. A Coverage Rider to the landlord is then issued certifying that such respective lease is guaranteed under the Landlord Master Policy in such building.

Post your signup, we educate your on-site agents regarding the Insurent® Program.

The Lease Rental Bond Policy is in PDF format. To view PDF files, you need the free Adobe® Acrobat® Viewer installed on your computer. If you don't have it, you can download it for free from Abobe's Web site.

Click here to view the Lease Rental Bond Policy (NY).

Click here to view the Lease Residual Value Policy (Other States).

Landlords interested in signing up to accept the Insurent® Lease Guaranty Program in their rental buildings should click here to complete a request form.