Get 12 months of rent protection:
Get 12 months of rent protection:
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 does rent guarantee cover?
Guaranteed rental income for up to 12 months & CAD $60,000
Lease break protection for up to 3 months
Property damage protection up to $10,000 per lease
Unlimited coverage of eviction legal fees incurred
Delinquency resolution team to handle mediation or eviction if necessary
Automatic rent collection with ith pre-authorized debit
Your peace of mind is just a few clicks away
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.
Upgrade & Guarantee your Rent
Upgrade to the Rent Guarantee program and say goodbye to dealing with missed payments, early termination, tenant evictions and legal fees.
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.
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 3 months until you find a new tenant
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.
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
– Unlimited coverage of Legal Fees incurred during the eviction process
– Automatic Rent Collection via PAD
– Tenant Credit & Background Check
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.
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.
To start the Rent Guarantee we need the following documents:
1. Credit Report for each tenant – we can help with this
2. Signed lease agreement by the tenant
3. Proof of income in the form of recent Paystubs, T4, Bank statement or Employment Letter
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
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.
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.