Market level security deposits remain below historical levels and are inadequate to cover the cost of lease breaks and damages. Change this dynamic by offering your residents a low cost security deposit alternative. Residents can choose to pay the lower, non-refundable LeaseProtect fee/premium or an increased traditional security deposit.

LeaseTerm covers the community if the resident breaks any term or condition of the lease.

Benefits of the LeaseProtect Program:

• Coverage

  Coverage includes lease default, property damages and extraordinary cleaning expenses.

• Allowable Events

  Claims can be submitted on any expense that is covered by the lease or addendums.

• Client

  The owner or fee manager is the beneficiary.

• Cost

  The cost is passed to the resident in the form of a one-time, non-refundable fee/premium.

• Benefit

  LeaseTerm provides flexible and customized pricing and coverages.

• Administration

  LeaseProtect is easy to implement and reduces the time and cost of security deposit administration.

Improve NOI and Increase the Value of your Assets by:

• Increasing Recoveries and Proactively Managing Bad Debt

• Reducing the Cost & Process of Collecting Security Deposits

• Increasing Occupancy by Offering a Low-cost Move-in Option