Worried your renters might stop paying rent?

Protect your property against losses from rent defaults, vacancies, lease breaks, damages, and more. All without increasing your operating expenses.

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What We Offer

Your all-in-one partner to
mitigate risk

We work with landlords to provide two different types of coverage to insure properties against rent default and damages.
We serve as your renter’s guarantor and provide you financial protection against missed rent payments, defaults, and vacancy loss. It’s free for landlords with high renter satisfaction.
Protect your rental
income
We provide financial protection against missed rent payments, defaults, and vacancy loss. It’s free for landlords with high renter satisfaction.
Increase your financial protection with coverage for lost rent, damages, and legal fees. Renters pay a small fee and keep their traditional security deposit, while landlords pay nothing.
Replace a traditional
security deposit
Increase your financial protection with coverage for lost rent, damages, and legal fees. Renters pay a fee and keep their traditional security deposit at move-in, while landlords pay nothing.

Say yes to more applicants

We can help all types of renters qualify - from students or non-U.S. citizens to self-employed or thin-credit applications, and more.

Sign Up at Zero Cost

TheGuarantors helps you protect your rental income

99% of the landlords and property managers who have worked with us still do. Learn more about the process by visiting our Help Center.

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A few things you should know

Rest easy knowing your rental income is protected. Here’s some more information to get you started with more peace of mind.

How much does a policy cost?

The cost generally varies from about half to more than one month's rent, depending on a number of factors, including the length of coverage you select, the gross monthly rent, and the risk profile of the applicant.

Who pays for the policy?

Renters pay the policy premiums. First, invite your applicants to apply. After they have completed the application, if they are approved, they will then proceed to payment. There are no fees to the landlord for coverage or registering. 

Is this a one time fee for the renter?

Deposit Coverage incurs a one time fee (except in California, where it will need to be renewed at policy expiration). If the landlord wants to continue their rent guarantee beyond the first lease term, then Rent Coverage must be renewed with every new lease (usually annually).

What determines the price of the policy?

A combination of the gross monthly rent, the coverage level, and the risk profile of the applicant. The landlord selects the amount of coverage they would like. Policy prices typically range from about half to one month’s rent.

What’s in it for the renter?

Under many circumstances, a renter who doesn’t meet your qualification standards will be turned away. Our coverage makes it easier for a renter to be approved, while at the same time protecting your rental income. So you can rent to them with greater peace of mind, and they get the home they want.

How do you make sure renters won’t take advantage?

TheGuarantors has indemnification rights to pursue the renter for any claims paid. The renter is aware of this because they sign an agreement that outlines their responsibilities.

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I was a new landlord. Because of TheGuarantors, I am confidently at 13 doors in 2 years knowing my rental income is protected and I have the best tenants.

Frequently asked questions

Renters pay our policy premiums. There are no fees to the landlord for coverage.

Rent Coverage is our Lease Guarantee surety product that functions substantially similar to insurance, helping landlords protect their rental income. If, for any reason, the renter is unable to pay their rent, we will cover the loss within the parameters of the policy terms. All you have to do is invite a renter to apply before they sign their lease, select the coverage you’d like (the maximum number of months you’d like to be paid back if there are issues), and if the renter is approved, we’ll issue the bond. Because the renter pays the policy price, there is no cost to the landlord for the coverage to take effect.

The cost generally varies from 24% to 130% of one month’s rent, depending on a number of factors, including the length of coverage you select.

Generally, you have to provide proof that the renter vacated the property with an email communication or proof of an eviction. Claims can also be filed at the end of a lease if the renter hasn’t yet vacated. Claims are typically paid within 3-5 days of receipt of the required information. Detailed procedures for filing a claim are provided in the Lease Rental Bonds General Terms and Conditions.

No, your renters will provide documentation. After you invite your prospective tenant to apply for coverage, they will be prompted to complete an application online, where they will upload their documents and provide permission to run a soft credit check. For most renters, we only need a copy of government-issued ID.

A combination of the gross monthly rent, the coverage level, and the risk profile of the applicant.

They correspond to different amounts of default coverage. 

• Designating a prospective tenant “Approved” defaults to one month of Security Deposit Replacement deposit coverage (typical cost to the renter 10%-20% of one month’s rent)

• Designating a prospective tenant “Approved with Conditions” defaults to one month of Security Deposit Replacement coverage AND five months of Lease Guarantee rent coverage (typical cost to the renter 50%-60% of one month’s rent)

• Designating a prospective tenant “Denied” defaults to 1 month Security Deposit Replacement coverage AND 11 months of our Lease Guarantee rent coverage (typical cost to the renter 80%-100% of one month’s rent)

You can customize coverage by selecting “Approve with Conditions” when prompted, and at the bottom of the page you can modify the coverage amount.

Under many circumstances, a renter who doesn’t meet your qualification standards will be turned away. Our coverage makes it easier for a renter to be approved, while at the same time protecting your rental income. So you can rent to them with greater peace of mind, and they get the home they want. 

Eviction courts may interpret a bond payout as a rent payment, making it harder to legally evict a problem renter. This rule serves to protect you from that.

Security Deposit Replacement deposit coverage incurs a one time fee (except in California, where it will need to be renewed at policy expiration). Our rent coverage, Lease Guarantee, must be renewed with every new lease (usually annually).

Unfortunately, no. Coverage can only be purchased prior to the lease start date or at renewal.

TheGuarantors has indemnification rights to pursue the renter for any claims paid. The renter is aware of this because they sign an agreement that outlines their responsibilities.

Absolutely. You’re welcome to customize coverage on your own. Please note that more coverage will result in higher costs for the renter.

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We're happy to answer any questions you might have. Email us at moreinfo@theguarantors.com.

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