Archive for July 2020
6 Things Every Landlord Must Know
Eviction Protection Program
As an owner-client, you can relax and let us handle everything, including one of the most significant risks a landlord may face: legal eviction fees.
How can we do this?
Because our screening is so good, and our processes are so tight, we can offer you this service.
Our risk mitigation guarantee will reimburse you up to $ 550 in legal eviction fees (to a maximum of $550 per lease) if these costs exceed the Tenant’s security deposit amount.
*Maximum payout per lease not to exceed $550
Plan Administration / Eligibility Requirements:
The landlord’s account with RentLife® Property Management must be in good standing and with no violations of the terms of the Residential Management Agreement. Termination of the Residential Management Agreement shall cause enrollment in Risk Mitigation to terminate immediately, and RentLife® Property Management shall not be responsible for any claims, either past or future.
RentLife® Property Management must have procured the resident and on a RentLife® Property Management lease agreement with a start date of February 1, 2023, or later.
If the resident defaults on the payment or rent, RentLife® Property Management will have the sole right and discretion to institute legal proceedings for eviction.
All legal fees incurred or charges will first be billed to the resident. RentLife ® Property Management will first attempt to collect funds from residents to reimburse the owner. If RentLife® Property Management does not collect these funds from residents, then RentLife® Property Management will pay these eviction expenses within the coverage limits stated above.
All amounts due from the resident for legal fees will first be deducted from the resident’s security deposit, and RentLife® Property Management will pay any amount over the security deposit to the maximum payout amount. RentLife® Property Management will have a first claim position against the resident for any payment(s) recovered.
The maximum payout by RentLife® Property Management per lease agreement will not exceed $ 550.
All payouts by RentLife® Property Management will be made after the resident has vacated the premises and after the completion of the security deposit disposition by Rentlife® Property Management.
RentLife® Property Management will retain any lease administration fees charged to the resident.
This guarantee excludes eviction fees for any resident on any government-subsidized program, including Section 8.
We certify that you will NEVER have to pay 2 leasing fees in the same 12 month period. Now, the only exception would be a federal military relocation, which is out of anyone’s control, but outside of that, we guarantee your tenant will stay 12 months, or we will find a replacement for equal or better rent at no additional charge.