Get peace of mind with rent guarantees designed to keep you up to date on your rent if you involuntarily lose your job. We pay rent directly to the landlord so you can stay in your home and focus on getting back on your feet.
Pensio's affordable and ground-breaking Rent Guarantee is backed by an insured Rental Income Performance Bond that assures the rent will be paid each month if you lose your job.
What's Included in the Rent Guarantee:
- Guaranteed rent up to $60,000
- Damage protection up to $10,000
- Lease break protection
- Eviction cost coverage
Easy Sign Up Process:
- Click "Buy Online" button at top of page
- Enter tenant and unit information
- Upload required documents
- Application review - our team will follow up with next steps to complete enrollment
- Approval - once approved, we will send the Rent Guarantee Agreement to be signed and issue a certificate for your records
Tenants that Qualify:
- New tenants (less than 12 months on lease) - at least one member of the household is employed. Additionally, the rent-to-income ratio cannot exceed 45%.
- Existing tenants (more than 12 months on lease) - the only requirement is that the tenant has not missed a rent payment.
Documents Required:
To get approved instantly, the underwriter requires the following documents.
- New tenants (less than 12 months on lease)
- Tenant credit report - any official Equifax or TransUnion credit report is accepted.
- Tenant proof of income - recent paystub(s), employment letter, recent tax return, or recent bank statement showing tenant name and income.
- Existing tenants (more than 12 months on lease)
- Proof of payment to show that the tenant has not missed any recent rent payments.
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