How It Works
The optional five-year property management program pays guaranteed rent on the last day of each month to an investor buyer regardless of whether the rental residence is vacant or the tenant has defaulted on rent. A compelling marketing and sales strategy for decisions when pitching to a buyer.
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:
- Optional five-year Property Management Agreement
- Performance Bond
- Purchaser's Indemnity Acknowledgement
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 issued 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 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.
The developer can elect to retain the residential unit if units remain unsold and take advantage of the Pensio property management and guaranteed rents.
Optional Five-Year Property Management Program
Pensio will manage the buyer's investment property for five years, providing rent guarantees, damage guarantees, and evictions, secured by a performance bond.
Pensio guarantees rent whether the residential unit is vacant or tenanted. Guaranteed rent is paid on the last day of each month, commencing 90 days after occupancy.
Pensio will pay the cost to repair, fix, or clean any malicious tenant damage caused by the legal tenant. This is secured by a performance bond.
Pensio's evicition team will evict tenants who have not paid rent, covering all legal and court filing fees at no expense to the owner.
Get peace-of mind with rent guarantees designed to make sure an investment is worth the money. Financing your development or making sales in the New Normal can be easier with the Residential Pre-Construction Rent Guarantee. Contact us today to learn more.