How much does rent guarantee cost?

Premiums vary by coverage amount, waiting period, and applicant profile. Typical monthly premiums fall in a defined range of monthly rent; the partner will quote exactly before you bind.

What does the policy cover?

Most policies cover lost rent during default up to a defined cap (commonly six months) and some legal costs of the LTB process. Exclusions, waiting periods, and caps are disclosed in the policy document.

Can every applicant be covered?

No. Coverage requires the applicant to meet the partner's underwriting criteria - typically a credit band and a rent-to-income ratio. We map this before you agree to the policy.

Does rent guarantee replace tenant insurance?

No. Tenant insurance covers the tenant's contents and liability. Rent guarantee covers the landlord's rent income. We coordinate both as part of lease execution.

What happens if the tenant defaults?

You issue the required notice under the Residential Tenancies Act, MoveSmart helps assemble the claim file, and the insurance partner assesses coverage against the policy terms.

Do I need rent guarantee if I screen carefully?

Even well-screened tenants can lose a job or face illness. Rent guarantee is a cash-flow tool, not a screening tool - the two work together.

Can I buy rent guarantee after the lease is signed?

Most partner policies must be bound at or before lease signing, with the lease written to match policy terms. Post-signing coverage is limited.

Services

Rent Guarantee · Rental Protection Options

Rental income, protected

MoveSmart coordinates partner-underwritten rent guarantee policies, tenant insurance coordination, and financial qualification validation - so a missed rent cheque does not become a missed mortgage payment. Coverage options are provided by licensed insurance partners; MoveSmart handles the qualification and integration with your lease.

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The problem

What goes wrong without rental protection

One non-paying tenant erases a year of margin

A single extended default at the Landlord and Tenant Board can cost six-to-nine months of rent plus legal fees - enough to wipe out the annual return on a condo unit.

Self-insuring is a gamble

Most individual landlords carry no protection against non-payment. The assumption is "it will not happen to me" - until it does.

Insurance products are hard to compare

Rent guarantee is a niche product with varying exclusions, waiting periods, and coverage caps. Shopping it solo eats hours and ends in confusion.

Policy terms do not line up with the lease

A policy that requires a specific screening standard, a specific lease form, or a specific notice period is worthless if your lease does not match.

The MoveSmart approach

How MoveSmart coordinates rent guarantee

MoveSmart evaluates the applicant against partner rent guarantee underwriting criteria, aligns your lease with the policy requirements, and coordinates issuance. The policy is underwritten by a licensed insurance partner; MoveSmart is the coordinator, not the insurer.

Underwriting eligibility review

We map the applicant's screening file against the partner's underwriting rubric - credit band, income ratio, employment stability - before you agree to the policy.

Policy option presentation

Coverage terms, monthly premium, waiting period, exclusions, and claim mechanics explained in plain language before purchase.

Lease alignment

Lease and riders adjusted to match policy requirements - notice clauses, tenant insurance clause, rent due date, and default language.

Tenant insurance coordination

Required tenant contents insurance enforced at lease signing, with proof filed in your portal.

Financial qualification validation

Secondary review of the applicant against rent-to-income and credit thresholds required for coverage.

Policy issuance & storage

Policy documents stored in your portal alongside the lease; renewal reminders issued before expiry.

Claims coordination

If a default occurs, we help you assemble the claim documentation - screening file, lease, notice of default, LTB filing - so the partner can assess quickly.

How it works

The engagement

Applicant screened

Tenant Screening runs on the applicant as normal.

Eligibility mapped

Screening file compared against partner underwriting criteria; eligibility confirmed or flagged.

Policy options presented

Coverage, premium, and terms explained; you decide whether to bind.

Lease aligned

Lease and riders adjusted to match policy requirements before signing.

Policy bound

Policy issued by the insurance partner; documents filed in your portal.

Claim support (if needed)

In the event of default, we assemble the claim file and coordinate with the partner.

Who it's for

A fit for every owner profile

Individual landlords

Owners of one or two units where a single non-paying tenant would materially affect cash flow.

Portfolio owners

Owners of multi-unit portfolios who want predictable income and are willing to trade a small premium for default protection.

Institutional operators

Purpose-built rental operators who need audited rent continuity for investor or lender reporting.

Pricing

MoveSmart does not charge extra to coordinate rent guarantee when bundled with Leasing Services. Policy premiums are set by the insurance partner and disclosed before binding.

See the full fee schedule →

Frequently Asked

Questions about Rent Guarantee

No. Rent guarantee policies are underwritten by licensed Canadian insurance partners. MoveSmart coordinates qualification, policy selection, lease alignment, and claim support, but is not the insurer.

Still have questions?

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Ready to start with Rent Guarantee?

Create a free account to walk through the process, or book a 20-minute discovery call. No upfront cost, no obligation.

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No contracts

No upfront fees

Results guaranteed

Rental income, protected

What goes wrong without rental protection.