This guarantee excludes eviction fees for any resident on any government-subsidized program, including Section 8.A vital part of reducing cost when managing a rental property is limiting the expenses associated with tenant turnover. RentLife® Property Management will retain any lease administration fees charged to the resident. The maximum payout by RentLife® Property Management per lease agreement will not exceed $ 550.Īll payouts by RentLife® Property Management will be made after the resident has vacated the premises and after the completion of the security deposit disposition by Rentlife® Property Management. RentLife® Property Management will have a first claim position against the resident for any payment(s) recovered. If RentLife® Property Management does not collect these funds from residents, then RentLife® Property Management will pay these eviction expenses within the coverage limits stated above.Īll amounts due from the resident for legal fees will first be deducted from the resident’s security deposit, and RentLife® Property Management will pay any amount over the security deposit to the maximum payout amount. RentLife ® Property Management will first attempt to collect funds from residents to reimburse the owner. If the resident defaults on the payment or rent, RentLife® Property Management will have the sole right and discretion to institute legal proceedings for eviction.Īll legal fees incurred or charges will first be billed to the resident. RentLife® Property Management must have procured the resident and on a RentLife® Property Management lease agreement with a start date of February 1, 2023, or later. Termination of the Residential Management Agreement shall cause enrollment in Risk Mitigation to terminate immediately, and RentLife® Property Management shall not be responsible for any claims, either past or future. The landlord’s account with RentLife® Property Management must be in good standing and with no violations of the terms of the Residential Management Agreement. Plan Administration / Eligibility Requirements: *Maximum payout per lease not to exceed $550 Our risk mitigation guarantee will reimburse you up to $ 550 in legal eviction fees (to a maximum of $550 per lease) if these costs exceed the Tenant’s security deposit amount. If your residence has substantial damage, contact our offices for assistance.Īs an owner-client, you can relax and let us handle everything, including one of the most significant risks a landlord may face: legal eviction fees.īecause our screening is so good, and our processes are so tight, we can offer you this service. This includes patching holes left from nails and screws, replacing light bulbs, and painting, where necessary. Repairs: Please be sure to address any damage that has occurred during your stay.Please ensure you've addressed all landscaping responsibilities, including trimming shrubs, mowing the lawn, weeding flowerbeds, and replacing missing or burnt out light bulbs. Landscaping & Outdoor Areas: You must also return your outdoor living space to its original condition.Any garbage left behind may result in an additional fee. You also need to vacuum and shampoo carpeted areas, wash windows, and remove all debris from the property. Please pay special attention to the kitchens and bathrooms, wiping countertops, cabinets, and appliances. Rental Cleaning: Your unit must be thoroughly cleaned and sanitized.This includes addressing the following elements: You are responsible for returning your property to rent-ready condition.
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