Renting with
Pensio
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.
Reimburses Landlords up to 12-months Tenant rent arrears up to a maximum reimbursement of $60,000 per year
Reimburses Landlords up to $10,000 for court ordered Tenant Damage restitution orders that remain unpaid for 60-days
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
Available upon request. A percentage of the annual Lease Agreement rent amount paid monthly by the Landlord
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
Reimburses Tenant up to 3-months rent in the event of a Tenant's unexpected involuntary job loss
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
Tenant Job Loss Rent reimbursements will be paid directly to the Landlord by Pensio
Available upon request. A percentage of the annual rent amount paid monthly by the Tenant or the Landlord
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.
