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Tenancy Bond Insurance
For Tenants
Tenancy Bond insurance is here to make your life easier. Not only does it free up your cash or your Line(s) of Credit to help your business, it is also better for Landlords as compared to Bank Guarantees.
Tenancy Bond insurance is a flexible financial instrument that is as liquid and secure as a Bank Guarantee.
Bank Guarantee or Cash Security vs Tenancy Bond Insurance
Tenant | Lease Bond Insurance | Banks |
---|---|---|
Strengthens Tenant financial performance | ✓ | ✗ |
No cash or collateral deposit required | ✓ | ✗ |
Easy electronic application process | ✓ | ✗ |
Five business day application process (on average) | ✓ | ✗ |
Automated notification in advance of expiry | ✓ | ✗ |
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