Propertyduke Property Management
Rental Guarantee by Property Duke
Protect your Rental Income
Rent your property—leave the risks to us. In case of non-payment of rent, property damage or lease breaks, the Rent Guarantee gives homeowners ultimate peace of mind by providing financial security and legal support.
Why Rent Guarantee?
Tenant troubles can cost a lot.
Tenants stop paying rent for plenty of reasons: job loss, relationship turmoil, health issues, cash flow problems… the list goes on. Whatever it is, Rent Guarantee can take on the risks so you never have to worry about loss from rent arrears, legal costs, or property damage.
Rental income guarantee
In case of delinquency, we’ll cover up to 12 months’ rent (up to $60,000).
Lease break protection
Get 30 days of rent paid if your tenant leaves without notice.
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Property damage protection
We will reimburse unpaid court-ordered malicious tenant damages up to $10,000.
Legal support & eviction resolution
In case of eviction, our paralegal team will support you throughout the process, with legal fees reimbursed for up to $2,000.
Automated rent collection
Set up automated monthly payments with your tenants and help them build their credit score for paying on time. (Optional)
Tenant report
Get 2 Tenant Reports so you can screen potential tenants with confidence.
10%
of monthly rent amount, paid annually
or 15% when you pay monthly
Includes:
- Guaranteed Rent
- Damage Protection
- Legal Fee Coverage
- Vacancy Protection
- Rent Collection (Optional)
- 2 Free Tenant Reports when you pay annually (single bureau reports only)
For new tenants
New tenants with less than 6 months on the lease are required to submit the following documents:
- Tenant credit report or Property Duke Tenant Report
- Proof of income
- For mid-lease tenants
Mid-lease tenants with over 6 months on the lease are required to submit the following documents:
- Proof of rent payment for the past few months
- Tenant credit report or Property Duke Tenant Report (optional, but preferred)
- Proof of income (optional, but preferred)
- Tenant requirements
Tenants are qualified to be covered by Rent Guarantee if they have:
- No bankruptcy or previous eviction on a credit report in the past three years
- At least one employed member in the household
- A Rent-to-Gross Household Income Ratio not exceeding 50%
Protect your Rental Income
- Owners can get their property/properties covered by Rent Guarantee if they can provide proof of the following:
- The property is a legal rental unit
- They have a valid lease signed with a tenant
- To claim property damage, a move-in checklist or pre-inspection pictures
Property Duke – Securing Your Income, Simplifying Your Life.
Ready to enjoy worry-free property ownership? Reach out to Property Duke today to discuss how our Rental Guarantee Program can work for you.