As a property owner its vital to insure your rental income.
The loss as a result of a tenant’s default on their lease due to non-payment of rent can cause significant loss to property owners.
- Loss of rental income in the interim period while evicting the tenant.
- Legal costs.
- Loss of tenant improvements that were fronted to tenant.
Security deposits and personal guarantees are helpful, but with money going out and no rental income coming in, the situation can turn into a cash flow nightmare.
Now, with the availability of commercial rent default insurance, you can recover lost monthly rental income.
Introducing CRERDI® a commercial tenant rent default insurance … The new way to insure against commercial rent default. With commercial rent default insurance, property owners can recover up to six (6) months in lost rent while evicting the tenant, and up to $500 for legal expenses, such as, attorney fees and court fees to assist with the eviction process.
Premium start at $850 a year, a small price to pay for the security of knowing you won’t have to tap into your savings while evicting your tenant.
Put your cash flow safety net in place today with commercial tenant rent default insurance.