RENT PROTECTION PROGRAM Sample Clauses

RENT PROTECTION PROGRAM. If an eviction becomes necessary at your property, and the tenant refuses to leave the home after a late notice, and court order for an eviction hearing have been served – Xxxxxx Properties offers a program that will guarantee a continued 30 days of income to the owner. Given that most evictions take around 30 - 45 days – this will further prevent unforeseen losses to an owner should an eviction be necessary. Every effort will be made to mitigate losses by working with a bad tenant – but this program will ensure owners will receive One Month’s worth of rental compensation while a tenant is being removed. Xxxxxx Properties will pay the owner One Month’s rental income if a tenant is evicted by the courts and forced to vacate with a writ of possession being executed by law enforcement. Example: A tenant stops paying rent and is late after the 3rd of the month, Xxxxxx Properties will post notice to vacate, file an eviction, the constable will serve the tenant papers at their home, we will attend eviction court, file for a writ of possession, and meet the Sheriff Deputy to execute the writ of possession by moving all of the tenant’s possessions off the property. If a tenant refuses to leave and is forced to vacate by law enforcement – Xxxxxx Properties will reimburse owner the equivalent of One Month’s rent. Scenario: Home rents for $1,500 per month - Tenant is removed via Writ of Possession. ***WITH Rent Protection – Owner is reimbursed $1,500 in lost rental income The monthly fee to participate in this program is $9 per month. This program does not cover early terminations, tenants vacating with a military or court order clause, abandonments, or mitigated move outs. In most cases where a tenant willingly vacates a home, the home would go back to the possession of the owner immediately to re-rent immediately, which would minimize any income losses. By agreeing to this program, the homeowner will subjugate all rights to pursue any and all debts incurred to SATXPM LLC, dba – Xxxxxx Properties, against the tenant. Rent Protection is only offered to owners who have allowed Xxxxxx Properties to properly screen their tenants through our application process, and those tenants that complete a lease agreement both written and executed with Xxxxxx Properties. [ ] In this box type “YES” or “NO” if you want Rent Protection for a charge of $9.00 (nine) per month. Owner Signature Date DAMAGE ASSURANCE One of the biggest fears of all rental property owners is renting to a te...
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RENT PROTECTION PROGRAM. In the event the Tenant does not pay rent, Manager will guarantee up to 1 month’s rent in return for an additional 0.8% fee of the collected rent. This fee gets paid by the Tenant by reducing the rent amount by the fee amount. As an example, on a $3,000 per month rental rate the monthly rent protection fee would be $24. This $24 would be paid by your Tenant and their ledger would appear as follows: Rent $2,976 and Rent Protection Fee $24. This program can be added to our Bronze and Silver plan and is included in our Gold plan.
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Related to RENT PROTECTION PROGRAM

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