RENT PROTECTION PROGRAM Sample Clauses

RENT PROTECTION PROGRAM. If an eviction becomes necessary at your property, and the tenant refuses to leave the home after a late notice, and court order for an eviction hearing have been served – ▇▇▇▇▇▇ Properties offers a program that will guarantee a continued 30 days of income to the owner. Given that most evictions take around 30 - 45 days – this will further prevent unforeseen losses to an owner should an eviction be necessary. Every effort will be made to mitigate losses by working with a bad tenant – but this program will ensure owners will receive One Month’s worth of rental compensation while a tenant is being removed. ▇▇▇▇▇▇ Properties will pay the owner One Month’s rental income if a tenant is evicted by the courts and forced to vacate with a writ of possession being executed by law enforcement. Example: A tenant stops paying rent and is late after the 3rd of the month, ▇▇▇▇▇▇ Properties will post notice to vacate, file an eviction, the constable will serve the tenant papers at their home, we will attend eviction court, file for a writ of possession, and meet the Sheriff Deputy to execute the writ of possession by moving all of the tenant’s possessions off the property. If a tenant refuses to leave and is forced to vacate by law enforcement – ▇▇▇▇▇▇ Properties will reimburse owner the equivalent of One Month’s rent. ***WITH Rent Protection – Owner is reimbursed $1,500 in lost rental income This program does not cover early terminations, tenants vacating with a military or court order clause, abandonments, or mitigated move outs. In most cases where a tenant willingly vacates a home, the home would go back to the possession of the owner immediately to re-rent immediately, which would minimize any income losses. By agreeing to this program, the homeowner will subjugate all rights to pursue any and all debts incurred to SATXPM LLC, dba – ▇▇▇▇▇▇ Properties, against the tenant. Rent Protection is only offered to owners who have allowed ▇▇▇▇▇▇ Properties to properly screen their tenants through our application process, and those tenants that complete a lease agreement both written and executed with ▇▇▇▇▇▇ Properties. [ ] In this box type “YES” or “NO” if you want Rent Protection for a charge of $9.00 (nine) per month. Owner Signature Date One of the biggest fears of all rental property owners is renting to a tenant that will cause significant damage to their property, costing them thousands of dollars in unexpected repairs. Many of our owners have expressed concern over the ...