Rent Guarantee

Protect your rental income against tenant default with a flexible solution combining rent guarantee insurance, legal assistance and damage protection.

Get 12 months of rent protection:

About

Tenants stop paying their rent for plenty of reasons — job loss, relationship turmoil, health issues, cash flow problems, — and the list goes on. SingleKey’s Rent Guarantee acts as your safety net if your tenant doesn’t make rent. With our Rent Guarantee program landlords eliminate the significant risk and loss due to rent arrears, eviction costs and property damage.

What’s Covered

What does rent guarantee cover?

Guaranteed rental income for up to 12 months & CAD $60,000

Lease break protection for up to 60 days until you find a new tenant

Property damage protection up to $10,000

$1,500 coverage of eviction legal fees incurred

Parallegal team hired to handle eviction process if necessary

Automatic rent collection via pre-authorized debit

Why Do I Need Rent Guarantee?

Because dealing with Delinquent Tenants
can be very costly

Landlords will lose an average of $12,000 when going through a tenant eviction.*

In most provinces, it takes 4 months to evict a tenant.*

Legal, court and bailiff fees for an eviction will add up to $1,250 on average.*

Process

Your peace of mind is just a few clicks away

How Our Rent Guarantee Works

01-

Screen Your Tenants

Invite your tenants to apply online and receive a detailed report including an Equifax credit check, income and employment history, criminal records, a social media scan and more.

02-

Guarantee Your Rent

Upgrade to the Rent Guarantee program and say goodbye to dealing with missed payments, early termination, tenant evictions and legal fees.

03-

Enjoy Hassle-Free Renting

We will collect your rent and be there every step of the way to ensure that your rent is always paid.

LEARN MORE

How to place a claim

Submit your claim

With our quick and simple reimbursement process, you get paid within 15 days by filing your claim if your tenant misses their rent payment.

LEARN MORE

Why Singlekey

We protect your rental income
from unreliable tenants

Get reimbursed right away in case of non-payment of rent with no deductibles

From single family rentals to 1000+ unit properties and everything in between

When tenants break the lease, we will cover the rent for up to 60 days until you find a new tenant

Who’s behind my coverage?

Backed by Lloyd’s of London

SingleKey is a participating member of a Protected Cell Captive insurance company that is 100% re-insured within the Lloyd’s Market, rated A+ by A.M. Best.

Reviews

Landlords are renting
safely with SingleKey

Sandra Petrozzi

July 4, 2021.

Excellent service, very easy to use and had results back the same day. Would highly recommend!

Jason Sones

June 29, 2021.

Really great service. I needed to setup an account on the weekend and single key was the only company that works on the weekend to to verify my information. Best tenant verification system.

Julie Grondin

June 27, 2021.

I have used SingleKey with a couple prospective tenants and so far I like it. It provides the information I need to make a decision. Many investors I know also use this website and love it.

Pinka Dhami

June 26, 2021.

SingleKey gave us amazing service. It was very easy to contact them and they were very quick to provide a detailed Tenant Credit report and we are worry free after getting their Rental Insurance Program.

a a

June 25, 2021.

Very legit. Very professional. Very Canadian! I had a couple of issues at the beginning, but they were addressed quite quickly and properly. They are a good match to the business of landlording. Have recommended to others in the field.

Paolo Lamanna

June 25, 2021.

Great System. Great tools Thank you

Jeff Bacon

June 24, 2021.

SingleKey was easy for me as a Landlord to use, and was great for my applicants as they did not have to worry about providing their details directly to me. The cost is totally reasonable and I intend to use this for all my future tenant screening.

SHIONA MCCULLY

June 22, 2021.

I found the service to be very thorough and quick and easy to use. I had multiple applications and the service was easy to use and compare. I have an amazing tenant now thanks so much!

Rajiv Nigam

June 21, 2021.

used single key to review multiple tenants, fast and easy!

FAQs

Your Rent Guarantee Questions Answered

What is included in the Rent Guarantee Program?

The Rent Guarantee program includes:

– Guaranteed Rental income for up to 12 months or $60,000 per lease
– Damage protection from willful tenant damage up to $10,000 per lease
– Legal Fees incurred during the eviction process covered up to $1,500
– Automatic Rent Collection via PAD
– 2 FREE Tenant Credit & Background Checks

What happens when tenants miss their rent payment?

Since we collect the rent for you, we will know right away if the tenant hasn’t paid and we will take action to contact the tenant and collect the rent. If the tenant is unresponsive, we will continue to pay your rent for up to 12 months while working with our paralegal team to remove the delinquent tenant.

What happens if the tenant causes damage or vandalizes my property?

In the case of negligent or wilful property damage by the tenant, please notify us within the next business day and we will be reimbursed up to $10,000 of damages if the tenant refuses to pay.

What documents you need to start the Rent Guarantee?

To start the Rent Guarantee we need the following documents:

1. Credit Report for each tenant – we can help with this

2. Proof of income in the form of recent Paystubs, T4, Bank statement or Employment Letter

3. Valid signed lease agreement

We also recommend that the landlord performs a Pre‐Inspection report, including images of the property detailing the condition of the unit prior to tenant move‐in; as well as proof of property and liability insurance

What are the Tenant Eligibility Requirements?

The good news is that we do not qualify tenants based solely on their credit score. To ensure affordability, we require that the rent cannot exceed 45% of tenant’s gross household-income.

Do you guarantee both existing and new tenants?

Yes, we can guarantee new and mid-lease tenants. For existing tenants, we simply require confirmation that the tenant has made their past rent payments on time.