SingleKey’s Rent Guarantee Program offers peace of mind to landlords by ensuring rental income protection for up to 12 months. However, landlords may wonder if they can opt out of the program at any point. Here’s a detailed breakdown of the policy regarding cancellation and termination.
10-Day Grace Period
When a landlord initially signs up for the Rent Guarantee Program, there is a 10-day reconsideration period. During this time, the landlord has the right to cancel the agreement without penalty. To exercise this option, the landlord must notify SingleKey’s contact team within this 10-day window.
Commitment for the First 12 Months
After the 10-day grace period, the landlord is committed to the Rent Guarantee Program for the full 12-month initial lease term. This commitment is necessary to ensure full protection under the program’s terms, which include up to 12 months of rent coverage.
Month-to-Month After the Initial Term
Once the initial 12-month lease term concludes, the program automatically transitions to a month-to-month agreement. At this stage, landlords have the flexibility to cancel at any time by providing 30 days’ notice. This offers more control and adaptability after the initial commitment period ends.
Early Termination During Initial Term
If a landlord wishes to terminate the Rent Guarantee Agreement before the end of the initial 12-month period, they must provide a 30-day notice of termination. However, it’s important to note that the landlord will be responsible for the immediate payment of any outstanding program fees.
For further details or to explore more about the Rent Guarantee Program, visit SingleKey’s official page:
🔗 www.singlekey.com/rent-guarantee
In Summary:
-
✅ You can cancel within 10 days of signing with no penalty.
-
⛔ After 10 days, you’re committed for 12 months.
-
✅ After 12 months, you can cancel anytime with 30 days’ notice.
-
⚠️ Early cancellation during the initial term requires 30 days’ notice and payment of outstanding fees.
By understanding these terms, landlords can make informed decisions about when and how to participate in SingleKey’s Rent Guarantee Program.
