The Lease Surety pays the rent for up to 60 days in the event the tenant stops paying rent or vacates the home prior to the expiration of the lease agreement.
RENTERS: You will not have to pay an additional deposit or risk being denied for the home you want to rent.
REALTORS: There’s a higher chance of renting the home faster when you accept a Lease Surety because you’ve opened the market of available applicants.
LANDLORDS: Why wait for a well qualified renter when you can rent the home to the first qualifying applicant? Best of all, the renter pays for the surety.
If you are a Realtor and your rental is listed on the MLS, it is also listed on our partner site, Go4REnt.com. Follow these steps:
- Log into your Go4Rent dashboard.
- Go to your settings tab.
- Select Accept Lease Surety on the right panel.
- Change your default background check to Full Check.
- In your MLS Remarks put, “Please apply at Go4Rent.com. Applicants will complete an online lease application, upload supporting documents, and pay their application fee.”
- Instruct all applicants to apply at Go4Rent.com.
When an applicant applies, Go4Rent will conduct the background checks and verifications. Once the verifications have been completed, Lease Surety will process a quote that will contain the Initial Premium and Monthly Installments. It is best to include the Monthly Installments in the lease agreement. We will bill the landlord each month for the Initial Premium and Monthly Installments.
Most renters pay a one-time Initial Premium less than $200 while the Monthly Installments can range between $20-$60 per month for the duration of the lease.
The applicant has to apply through Go4Rent.com by searching for the rental listing on the home page and completing the online lease application.
The application fee is $60.00 per applicant and must be processed through Go4Rent.com where the applicant will complete an online Lease Application.
It is best to include the Monthly Installments into the lease agreement, thus increasing the monthly rent. The tenant will pay their monthly rent at Go4Rent.com and the LeaseSurety fee will be automatically deducted each month.
The Lease Surety Agreement expires at the end of the lease agreement and will transition to a month-to-month agreement.
We can add a Lease Surety Agreement as long as the lease has been in effect for less than 30 days.
The Monthly Installments should be included in the lease agreement. When the tenant pays their rent on Go4Rent.com, we will automatically deduct the LeaseSurety fee.
You can click here to be taken to the quote page. This is a preliminary quote and is not a binding agreement.
Contact us immediately. We will need the following documents:
- The lease agreement
- Your current rent roll
Beginning on the Loss Date per Lease Agreement, full rent payments are made less the eviction representation fee. The first loss payment will cover the period from the Loss Date to the end of the month, not to exceed 31 days and will be paid within 10 days of Proof of Loss.
Subsequent payments will cover the previous month’s rent, not to exceed 31 days, and will be delivered by the 10th day of the month. If the loss date commences on a date other than the 1st day of the month, the loss payment will be prorated for that month.
No. Some renters with excessive circumstances will not qualify. We do not execute Lease Surety Agreements where the rent exceeds $2,500 per month.
Currently, Lease Surety is only available in the State of Texas.