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Renting with
Pensio

Renovated Building

Lease Co-Guarantee

Landlords

Single-family
Multi-family
Condominium Apartments
55+ Communities
Seniors Living
Student Housing

Lease Co-Guarantee Agreement

Pensio’s Lease Co-Guarantee Agreement significantly eliminates rent arrears, malicious tenant damage loss and eviction paralegal fees for Landlords

Landlord Lease Co-Guarantee
Reimbursements

No waiting for eviction or possession orders before rent is paid. Notify Pensio when a tenant is in arrears, and we will make the first rent arrears reimbursement within 25-days. If the tenant continues to be in arrears, notify us and file an eviction claim in court. We will then continue to pay rent for up to another 11-months or until the Tenant is evicted or has abandoned your property. We then pay you 1-months vacant rent to give you the time needed to market your property without a loss of rent.

Rent Arrears
Rent Arrears

Reimburses Landlords up to 12-months Tenant rent arrears up to a maximum reimbursement of $60,000 per year

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Tenant Damage
Tenant Damage

Reimburses Landlords up to $10,000 for court ordered Tenant Damage restitution orders that remain unpaid for 60-days

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Eviction Fees
Eviction Fees

Reimburses Landlord's up to $1,500 for legal fees, court fees and sheriff fees following in the event a Tenant is evicted from a Unit

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Program Fees
Program Fees

Available upon request. A percentage of the annual Lease Agreement rent amount paid monthly by the Landlord

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Lease Co-Guarantee

Tenant Job Loss

Job Loss Lease Co-Guarantee Agreement

Pensio’s Involuntary Job Loss Lease Co-Guarantee Agreement reduces rent arrears and administrative costs for both Tenants and Landlords

Lease Co-Guarantee
Reimbursement for Tenant
Involuntary Job Loss

Tenant Lease Co-Guarantees with rent reimbursements is designed to help Tenants who have lost their job. In the event of Tenant job loss, we pay a Tenant’s rent directly to the Landlord.

Tenant Job Loss
Tenant Job Loss

Reimburses Tenant up to 3-months rent in the event of a Tenant's unexpected involuntary job loss

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Tenant Qualifications
Tenant Qualifications

Tenant must have lost their job involuntarily, worked a minimum average of 24 hours per week for the past 26 weeks prior to job loss and have been approved to receive unemployment benefits

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Rent Reimbursement
Rent Reimbursement

Tenant Job Loss Rent reimbursements will be paid directly to the Landlord by Pensio

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Program Fee
Program Fee

Available upon request. A percentage of the annual rent amount paid monthly by the Tenant or the Landlord

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Residential Buildings Under Construction

Pre-Construction New Build 

Rent Guarantee Program

Top and Bottom Line Rent Guarantees

Structured for pre-construction new build residential developments to secure lenders, investors and developers to significantly eliminate construction debt to permanent debt absorption and income projection risk

Pre-Construction New Build Rent Guarantee Program
Property Management or Tenant Management with 5-year Rent Guaranteed Amounts

Pensio Pre-Construction New Build program offers two management approaches with rent guarantee amounts:

Bottom Line. Pensio Property Management services with bottom line net-operating rent guarantee pay regardless of whether units are tenanted or vacant before payment debt, property tax, property insurance, capital expenditures, business management expenses and business taxes, or

Top Line. Pensio Tenant Management services with guaranteed occupancy, rental rates, and rent guaranteed amounts, regardless of whether units are tenanted or vacant inclusive of absorption turnover management, eviction management and collection services. Designed to work with the developer's property manager

Guaranteed Rent Amounts can be paid by Pensio on an annual, quarterly or monthly basis.

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Program Fees are Project Dependent

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