February 13, 2023
Royal York in The News
If you are worried that your tenant might fail to pay their
rent this month, Royal York Property Management has a solution for you. Rental
Guarantee, a service provided by Royal York to landlords and property owners,
gives landlords peace of mind by guaranteeing that their rental properties will
always be occupied, even during times of low demand.
Royal York Property Management is a professional property management company dedicated to serving the needs of landlords and property owners. With a team of knowledgeable and experienced professionals, they offer comprehensive solutions to ensure that your property is managed effectively and efficiently.
From property management, tenant placement, and rental guarantee to maintenance and repair services, Royal York Property Management has the expertise to help you protect your investment and maximize your rental income. Whether you’re looking to rent out a single property or manage a portfolio of properties, they have the experience and knowledge to help you succeed.
How does Rental Guarantee work?
Rental Guarantee is simple and straightforward. If a tenant stops paying rent, Royal York Property Management will take over the process of collecting the rent owed, and will also cover any costs associated with the collection process. In the event that the tenant is unable to pay the owed rent, Royal York Property Management will cover the cost up to the amount of rent guaranteed. This means that as a landlord, you’ll never have to worry about missing out on rental income.
That is why Royal York Property Management is extremely selective when it comes to placing tenants in your property.
Because Royal York Property Management is willing to guarantee the rent for their tenants, they are very selective towards choosing the ideal tenants for your property. In addition, Royal York’s rental guarantee only comes as an add-on service to their property management services. Rental guarantee add-on service makes Royal York the top choice for managing your property efficiently.
Royal York Property Management’s rental guarantee program comes at the following rates:
The Standard Plan, starts at $29 and includes benefits such as: 2 months of financial guarantee, tenant replacement, L1 application sent, N4 notice of eviction sent, 1 LTB Hearing Covered, and Sheriff Costs.
The 6 Month Term Plan, 6 months of financial guarantee, tenant replacement, L1 application sent, N4 notice of eviction sent, LTB Hearings Covered, and Sheriff Costs,Turnover Cleaning, and Lock Change. Furthermore if the tenant causes any type of damage to , Royal York ensures to cover negligent damages from the tenant with up to $30.000 in damages.
Last but definitely not least, Royal York’s Comprehensive Plan, 12 months of financial guarantee, tenant replacement, L1 application sent, N4 notice of eviction sent, LTB Hearings Covered, and Sheriff Costs, Turnover Cleaning, and Lock Change. Similar to the 6 Month Term, the Comprehensive Plan covers up to $50.000 in damages.
With Rental Guarantee, landlords can have peace of mind knowing that their income is protected and that their property is in good hands.
For more information on Royal York Property Management visit: royalyorkpropertymanagement.ca
Royal York Property Management
Source: Canada News Wallet
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