How can a lease guarantee help me?

  • Lease guarantees are based on your rent agreement, which means that we will need the signed rent agreement as well as a filled out application.

  • The Bank acts as a third party, creating a contract between the landlord and tenant.

  • You must fill out a Letter of Guarantee/Standby Letters of Credit application form to apply for a rent guarantee.

  • The Bank guarantees both parties.

  • Lease guarantees play an insurance role in the event of non-compliance with the agreement. If the tenant fails to pay rent, the landlord can recover the arrears from the Bank.