Large Residential Program
The AssureLease residential program for larger residential owners (3,000 units +) is a bespoke program that enables property owners to eliminate a current cost center (bad debt) and create a new profit center. AssureLease replaces the need for security deposits, which are a failed instrument, with an innovative insurance program that provides coverage for lost rent, damages and litigation expense.
Utilizing its unique underwriting model, AssureLease creates a customized program for each individual owner and provides ongoing administration and reporting. The premiums are paid by the tenant via a small add-on to rent (typically 1-2%) in lieu of posting a security deposit. This structure creates goodwill with tenants as it removes a barrier to entry.
BENEFITS INCLUDE:
All prospective clients must be thoroughly underwritten for suitability.
Utilizing its unique underwriting model, AssureLease creates a customized program for each individual owner and provides ongoing administration and reporting. The premiums are paid by the tenant via a small add-on to rent (typically 1-2%) in lieu of posting a security deposit. This structure creates goodwill with tenants as it removes a barrier to entry.
BENEFITS INCLUDE:
- Eliminates Cost Center / Creates New Profit Center
- Increase Occupancy, Retention & NOI
- Aggregate vs. Specific coverage
- Access to Specialized Insurance Partners
- No Pre-Funding Capital Needed
- Immediate Claims Payment
- No Tail/Post Liabilities
- Potential Tax Advantage
All prospective clients must be thoroughly underwritten for suitability.
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