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1. Screen Your Tenant
AAGLA’s Plus and Premium tenant screening packages include a LeaseGuarantee Analyzer. When you view the report results you’ll see if your tenant qualifies for LeaseGuarantee (most tenants do).
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2. Invite Your Tenant
After the report is ordered you’ll have 10 days to get LeaseGuarantee. You may bill your tenant or purchase LeaseGuarantee yourself. Choose from 5 levels of protection ranging from $1,000 to $10,000.
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3. Your Rental is Protected!
LeaseGuarantee covers all individuals on the lease agreement up to the contract amount you selected for 12 months and is renewable. Notify us if your tenants start to fall behind on rent to start a claim.
Fill Vacancies Faster
Do you have applicants who don’t quite meet your criteria? Ask them to purchase LeaseGuarantee as an additional move-in requirement. This is better than asking for a larger security deposit or cosigner because you’ll get more protection and your tenant will pay less out of pocket. LeaseGuarantee eliminates your risk, allowing you to fill vacancies faster.
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Low Cost Rent Protection
LeaseGuarantee protection can be purchased by you or your tenant. You’ll get thousands of dollars worth of protection in case your tenant skips out, leaves damages, or gets evicted. Rates may vary depending on your tenant’s credit and eviction history.
Annual rates start at:
- $199/yr for $1,000 protection
- $299/yr for $2,500 protection
- $598/yr for $5,000 protection
- $897/yr for $7,500 protection
- $1,196/yr for $10,000 protection
Better Than a Security Deposit
As you may already know, a security deposit usually isn’t enough when things go wrong. With LeaseGuarantee you can have up to $10,000 of added protection.
Use LeaseGuarantee in addition to a security deposit for tenants with poor credit or income. LeaseGuarantee can act as their cosigner. Or you can replace or reduce your required security deposit for tenants with good credit – they’ll lower their move-in costs and you’ll still be protected.
Easy to File a Claim
Requesting reimbursement is easy. Just submit a copy of the court judgment, lease agreement, LeaseGuarantee addendum, and rental application. No deductibles required.
You’ll get reimbursed for court judgments quickly without having to hunt down your tenant for what they owe. It’s guaranteed cash in your pocket!
Questions? Call or Email Live Customer Support
FAQ
If I have co-applicants do I need to get LeaseGuarantee for all of them?
No, if a LeaseGuarantee contract has been offered and the LeaseGuarantee has been paid for one tenant on the lease agreement, then all tenants listed on that lease agreement are covered.
How long is the LeaseGuarantee contract good for and is it renewable?
A LeaseGuarantee contract is valid for 12 months from the date of purchase, unless you contact us to request a different starting date. After the 12 months is up you can renew for another 12 months. For $24.99, we can offer a new LeaseGuarantee contract to anyone that has maintained or improved their credit status. The LeaseGuarantee fee may vary for renewals.
How can I file a claim?
Login to your AAGLAscreening.org account and click on LeaseGuarantee History in the menu to request reimbursement. You will need to submit a copy of the lease agreement, LeaseGuarantee addendum, rental applications, and court judgment. Your request will be reviewed and you will receive a response within 5 business days.
What if my tenant stops paying rent?
If you are unable to negotiate a mutually acceptable settlement with the tenant(s), you must obtain a court judgment against every adult listed on the LeaseGuarantee contract and lease. Upon receipt of the court judgment, submit it to TenantAlert. Your request will be reviewed within 5 business days and you will be reimbursed the amount of the judgment up to the maximum LeseGuarantee contract amount, whichever is less.
If my tenant pays for LeaseGuarantee am I still the beneficiary?
While LeaseGuarantee can be paid by the landlord or tenant, the landlord receives 100% of all the LeaseGuarantee contract benefits!
Can I get LeaseGuarantee for current tenants?
No, LeaseGuarantee must be purchased after you screen a tenant but before they move in.