AssureLease: The Owner's Choice

DRIVING INTELLIGENT REAL ESTATE SOLUTIONS

Turning a Cost Center into a Profit Center

Providing A Customized Tenant Default Insurance Program
To Property Owners

AssureLease is a financial engineering/risk management program which was created to help property owners to address the failed process of security deposits, which can only lose money. We can create a customized solution for the following property types – residential (small to large – minimum 300 units/no maximum), commercial (office/retail) and student housing (on/off campus housing).

Unlike other tenant-based surety or indemnity programs, AssureLease creates a manu-scripted policy tailored to each owner’s individual portfolio. Our underwriting methodology, which is the foundation for success of any insurance program, is second to none.

What makes us different is that our program can eliminate historical losses and create a new profit center with no upfront cost. AssureLease also creates immediate goodwill with tenants as they get to keep the funds that would have otherwise been tied up in a security deposit or letter of credit.

AssureLease is the most efficient way for property owners to address tenant default. We are happy to discuss how we can help your portfolio.

Mid-sized Residential Program - AssureLease LATS is a one of a kind group captive program for small to mid-size residential owners (300 to 3,000 units) that AssureLease created along with its insuring partners to enable smaller owners to take advantage of the benefits previously only available to larger owners.

Large Residential Program - The AssureLease residential program for larger residential owners (3,000 units +) enables owners to completely eliminate historical losses due to bad debt while also creating a new profit center via a single cell captive structure.

Commercial Owner Program - AssureLease's Commercial Program allows commercial property owners to eliminate the negotiation and administration of security deposits/letters of credit while being provided increased coverage for tenant default.

Student Housing Program - AssureLease's Student Housing Program is a hybrid insurance concept that addresses the need to provide coverage for college/university student housing in the event of loss due to resident damage, failure to pay student housing or dormitory fees when due. At the same time, AssureLease Student Housing implements coverage in a much more attractive and affordable way for the student.

AssureLease vs Tenant-based Products

Key Elements

AssureLease

Competitors

Owner Controlled

Control of Claims Process

Underwritten to Specific Portfolio

Return of Unused Premium/Funding

Excess Limits Available

Funding for Catastrophic Claims

Are all monies held by Owner

Potential Tax Advantages to Owner

Lower Cost To Tenant

Full Portfolio Coverage

Removes 100% of negative impact to NOI

AssureLease is the pioneer in Tenant Security Deposit alternatives!

AssureLease was the first to market in the Security Deposit Alternative space. AssureLease has had a continuous insurance partner without any defaults and have met our underwriting projections within 5% every year of operations. We know how to underwrite this exposure!!

Client benefits include:

Increase Tenant Retention

Increase Occupancy Rates

Expand Prospective Renter Pool

Reduce Administrative Costs

Keep 100% of Unused Premiums

Put Profits Back On Their Balance Sheet

What Our Customers Say

"With a portfolio of more than 22,000 units, security deposits have always been a losing game for us, but with AssureLease we can eliminate our losses and give our tenants a benefit as well. This is smart progressive thinking towards creating a solution to eliminate a negative impact to our balance sheet, increasing our occupancy rate and reducing the financial burden on our prospective tenants."

General Counsel, Cammeby’s International

“AssureLease™ pushes beyond the limits of basic risk management, where the goal is protecting assets, by leveraging those same assets in a way that improves financial outcomes (financial performance metrics). It does this through an innovative insurance profit center structure that converts annual known and expected tenant default losses to increases in net operating income (NOI). This is something that traditional security default programs have never been able to accomplish. Simply put, AssureLease sets the framework for a significant win, in the place of what otherwise would be a certain loss.”

Senior Vice President IOA Insurance Services

“Risk mitigation continues to be a significant component of today’s investment landscape, especially in commercial real estate. Creative solutions, such as the security deposit program created by AssureLease, can provide an effective means to shield the revenue generating capabilities of residential, office, retail, and industrial landlords from unforeseen tenant default.”

Managing Partner – Waksard Capital LLC & Adjunct Professor NYU Schack Institute of Real Estate