Rent Guarantee – Financial Peace of Mind

Rent Guarantee
  • We will guarantee that even if your tenant has not paid rent, you will receive your monthly payment
  • For just 2% of the monthly rent, in every instance where your tenant is legally obligated to pay rent, you will receive your full monthly payment, on time, every month for up to 3 months
  • Up to $1,500 in eviction and legal cost coverage
  • There is no deductible

rent guaruntee

What is covered
  • If your tenant defaults on their lease by not paying rent when due, you will receive full rent coverage for up to 3 months, until a new resident can be placed, or until the defaulting resident’s lease term expires, whichever comes sooner
  • Eviction and legal fees up to $1,500
  • The cost of sourcing a replacement tenant
  • Your full monthly rent payment is guaranteed to be credited to your account no later than the 15th of every month
What is not covered
  • Rent coverage for any rents that cannot be legally recovered, e.g., early lease termination due to military orders, final protective orders, bankruptcy, rent escrow, or other court-ordered deductions and lease terminations
  • A situation where rent has been paid into rent escrow or withholding due to an alleged condition at the property
  • Damages or actual maintenance costs to the property
  • Utilities that are unpaid by the tenant
  • Eviction or legal costs in excess of $1,500
What is the cost and how does it work
  • For a fee of 2% of the monthly rent, added to the monthly management fee, APS will provide rent guarantee coverage for up to 3 months, until a new resident can be placed, or until the defaulting resident’s lease term expires, whichever comes sooner
  • Maintenance costs will be processed and paid as normal
  • APS will pursue late rent and, if necessary, the eviction process
  • You will not incur any legal costs relating to the non-payment of rent in the judicial process
  • There is no deductible, and the tenant’s security deposit will be handled in accordance with Maryland law requiring prioritization of the deposit to go towards any outstanding rents owed to APS and eviction cost before going towards any damages beyond ordinary wear and tear
  • Coverage can be terminated by the property owner without penalty but must be initiated prior to the lease start date or any lease default

Home Currently Under Management

Annapolis Property Services
914 Forest Drive, Suite 101 Annapolis MD 21403
(410) 695-6151 Start Price $1500
Annapolis Property Services
914 Forest Drive, Suite 101 Annapolis MD 21403
(410) 695-6151 sales@annapolispropertyservices.com

Annapolis Property Services LLC. | 914 Forest Drive,Suite 101, Annapolis MD 21403
Ph: (410) 695-6151 Email: sales@annapolispropertyservices.com

© 2020 Annapolis Property Services LLC. All rights reserved.