PRE-CONSTRUCTION NEW BUILD ALTERNATIVE RISK AND MARKETING STRATEGY
The Pensio Global Group of Companies is currently active in 4 countries with Developers. Our core-pre-construction business is providing a property risk management program in partnership with Developers of pre-construction condos, multifamily, and vacation properties, whereby Pensio makes available to the investor buyers in development, a five-year rent guarantee, fully supported by a rental income Performance Bond issued by Rentalis Insurance Company, Inc., a Protected Cell Captive reinsured by global reinsurers rated AM Best A or Better. Pensio is a Participating Member of Rentalis Insurance Company.
This rental income program provides developers and lenders with a market advantage certainty that a completed unit can be sold or can earn a certain income and provides buyers with true investment value.
Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets
Buyer enters into a Purchase Agreement with Seller to acquire a pre-construction new build residence with optional property management and guaranteed rent.
The Purchase Agreement includes the following Pensio schedules; the optional Pensio 5-year Property Management Agreement, Performance Bond, and Purchaser’s Indemnity Acknowledgement.
The Buyer, if opting into the Pensio Property Management Bonded Rent Program, must execute an acknowledgement to indemnify the Seller from any liability relating to the Pensio property management and guaranteed rent.
Pensio Property Management Agreement
The optional Pensio Property Management Agreements contain terms and conditions, including the guaranteed rent amount payable monthly. Guaranteed rent begins 90 days after possession for a 5 year term.
Each owner when opting into the Pensio program will be provided with a Performance Bond.
The Performance Bond insured by Rentalis Insurance Company, Inc. is one-hundred percent reinsured by global reinsurers rated AM Best A or Better.
The Performance Bond is a surety supporting the terms of the Pensio Property Management Agreement and guaranteed rent payable.
The developer can elect to retain the residential unit if units remain unsold and take advantage of the Pensio property management and guaranteed rents.