Rent Guarantee
Protect your rental income
Rent your property—leave the risks to us. In case of non-payment of rent, property damage or lease breaks, the Rent Guarantee gives homeowners ultimate peace of mind by providing financial security and legal support.
Backed by
Lloyd's
Rent Guarantee
Protect your rental income
Rent your property—leave the risks to us. In case of delinquency, property damage or eviction, Rent Guarantee gives homeowners ultimate peace of mind with financial backups and legal support.
Backed by
Why Rent Guarantee?
Tenant troubles can cost a lot.
Tenants stop paying rent for plenty of reasons: job loss, relationship turmoil, health issues, cash flow problems… the list goes on. Whatever it is, Rent Guarantee can take on the risks so you never have to worry about loss from rent arrears, legal costs, or property damage.
Rent Guarantee by SingleKey
Take the risk stress loss out of renting
When you can’t rely on tenants to cover your mortgage payments, Rent Guarantee steps in with financial backups and legal support so you don’t have to worry.
Rental income guarantee
In case of delinquency, we’ll cover up to 12 months’ rent (up to $60,000).
Lease break protection
Get 30 days of rent paid if your tenant leaves without notice.
Property damage protection
Fix up your property with up to CAD $10,000 reimbursed by SingleKey.
Legal support & eviction resolution
In case of eviction, our paralegal team will deal with everything, and legal fees are included up to CAD $1,500.
Automated rent collection
Set up automated monthly payments with your tenants and help them build their credit score for paying on time.
Tenant report
Every Rent Guarantee subscription comes with 2 Tenant Reports so you can screen potential tenants with confidence.
Getting Started
Get guaranteed in 4 steps
Fill in some details to get your tenant approved right away. It’s that easy.
Setting up
Required documents
Getting qualified
Getting reimbursed
Setting up
-
Create an account
Enrol in Rent Guarantee by sharing some information about your unit and your tenant(s).
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Get your tenant approved
Upload a few documents to start the tenant approval process, including their tenant report and proof of income.
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(Optional) Set up Rent Collection
Choose how you want to collect your rent. Our automated Rent Collection tool is free to use for all Rent Guarantee subscribers.
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Start your coverage
After you’ve submitted the required information and documents, we’ll reach out shortly with your finalized Rent Guarantee Agreement.
Required documents
- Tenant credit report or SingleKey Tenant Report
- Proof of income
- Proof of rent payment for the past few months
- Tenant credit report or SingleKey Tenant Report (optional, but preferred)
- Proof of income (optional, but preferred)
Getting qualified
- No bankruptcy or previous eviction on a credit report in the past three years
- At least one employed member in the household
- A Rent-to-Gross Household Income Ratio not exceeding 50%
*Tenants will not be assessed based on their credit score
- The property is a legal rental unit
- They have a valid lease signed with a tenant
- To claim property damage, a move-in checklist or pre-inspection pictures
Getting reimbursedReliable Support
Backed By Established Global Reinsurer
The SingleKey Rent Guarantee program obligations are secured by A- rated global insurers.
Pricing
Pay monthly.
No hidden fees.
Get everything covered for a low percentage of your monthly rent. Plus, save extra when you pay annually.
5%
of monthly rent amount, paid annually
or 5.5% when you pay monthly
Includes:
- Guaranteed Rent
- Damage Protection
- Legal Fee Coverage
- Vacancy Protection
- Rent Collection (Optional)
- 2 Free Tenant Reports
- Guaranteed Rent
- Damage Protection
- Legal Fee Coverage
- Vacancy Protection
- Rent Collection (Optional)
- 2 Free Tenant Reports
Hear From Our Users
Relax with Rent Guarantee
Hear from real homeowners how Rent Guarantee kept them protected.
Find the right tenants with SingleKey and clear your path for long-term rentals.
Recover rent, fix damages, and simplify evictions with SingleKey’s Rent Guarantee.
Scale your rental portfolio and ensure cash flow with SingleKey’s risk mitigation tools.
As seen in
The Reviews Are In
“Brilliant model that protects you from any uncertainty of not getting your rent.”
“Brilliant model that protects you from any uncertainty of not getting your rent. Loved the overall support. My account manager even responded to my requests on weekends! SingleKey gives me peace of mind!”
“Easy to use website, did credit check on all the applicants. Also signed up for Rent Guarantee, good to have this insurance - especially in Ontario where LTB system is broken and abused by professional tenants. Hannah was very helpful and quick to respond to my queries. Website has user friendly tools like rental application, standard lease agreement that auto populates once you run the credit check.”
“As a landlord, SingleKey is a very important tool to have in your arsenal. I had a tenant stop paying his rent and SingleKey immediately refunded me my rent without question. Once this was complete their legal team outlined all potential options for me to secure an eviction order and then handled all the paperwork and court proceedings. I am very pleased with this service and I recommend any landlord big or small to give it a try.”
“I have been using SingleKey's Rent Guarantee and automatic Rent Collection for almost a year now too. Peace of mind has a price. I haven't made a claim with them, my hope is that I never need to, but if I do, they will honor their Rent Guarantee program.”
“Hannah was very helpful and supportive with answering my questions and helping me get myself and my TT sorted out with SJ's services. I’m also signed up for the Rent Guarantee program. SingleKey makes being a landlord a lot less stressful! I can't say enough good things about this company!”
“I used SingleKey for tenant verification and background check. I am impressed with the service I got and have signed up for Rent Guarantee. It’s an insurance for landlords for rent and seems like a great option. I hope I don’t have to use the benefits or leverage Rent Guarantee program but at least have a peace of mind that I will be covered in case needed.”
Rent Guarantee FAQ
In case you were wondering...
Find answers to our frequently asked questions, or get in touch to learn more.
The Rent Guarantee Program includes:
- Guaranteed Rental income for up to 12 months or $60,000 per lease
- Damage protection from willful tenant damage up to $10,000 per lease
- Legal Fees incurred during the eviction process covered up to $1,500
- Automatic Rent Collection via PAD
- 2 FREE Tenant Credit & Background Checks
Since we collect the rent for you, we will know right away if the tenant hasn’t paid and we will take action to contact the tenant and collect the rent. If the tenant is unresponsive, we will continue to pay your rent for up to 12 months while working with our paralegal team to remove the delinquent tenant.
In the case of negligent or wilful property damage by the tenant, please notify us within the next business day and you will be reimbursed up to $10,000 of damages if the tenant refuses to pay.
To start the Rent Guarantee we need the following documents:
1. Credit Report for each tenant – we can help with this
2. Proof of income in the form of recent Paystubs, T4, Bank statement or Employment Letter
3. Valid signed lease agreement
We also recommend that the landlord performs a Pre‐Inspection report, including images of the property detailing the condition of the unit prior to tenant move‐in; as well as proof of property and liability insurance
The good news is that we do not qualify tenants based solely on their credit score. To ensure affordability, we require that the rent cannot exceed 45% of tenant’s gross household-income.
Yes, we can guarantee new and mid-lease tenants. For existing tenants, we simply require confirmation that the tenant has made their past rent payments on time.
