Leap Rent Guaranty
Easy and Accessible
Renting Starts Here.
Renters
Rent easier. Risk less.
$3B+ Rent Protected
4.5 Million Homes
Residential Bad Debt Solutions
Award-Winning Partner
Leap opens doors across the entire rental industry.
From single-family owners to multifamily portfolios to student housing operators.
Trusted by the top Real Estate Operators in the nation
Kyle Wampler
Johanna Janovski
FAQs
What is Rent Guaranty coverage?
Rent Guaranty coverage operates like a traditional insurance policy, with the operator as the beneficiary. The renter purchases the policy to qualify for an apartment they might not otherwise be eligible for, and it provides coverage to the operator for the duration of the renter’s lease. If you fail to pay your monthly rent, the policy will reimburse the operator, but you will still be responsible for those payments.
Who typically utilizes Rent Guaranty services?
Renters who don’t fulfill the standard criteria requested for leasing. Examples may include self-employed individuals, first time renters, recent graduates, international residents, or anyone with an unconventional or challenging credit history.
Can your services be applied to any property?
Our services are only offered for properties that are partnered with Leap. As a referral-based program, we are unable to share a list or assist prospective renters in finding partnered properties. If your desired property is not in our network, please contact us at heretohelp@leapeasy.com for further information and assistance.
How much does it cost?
We require a one-time, upfront fee for our services. The amount varies based on the lease term and is subject to the information provided & evaluated including credit score and history amongst additional factors. An exact quote will be provided after we fully review your completed application. The fee is per lease, not per renter, so co-applicants can share the cost.
What is your refund policy?
Our fee is non-refundable with the exception of the two conditions below:
- After receiving an approval from us the property either rejects the application or confirms you no longer are required to utilize our services. Before a refund can be processed, the property will need to communicate and confirm either of the scenarios above to us in writing.
- You do not end up signing a lease with your property and it is canceled prior to your scheduled move in date.
* Please note, there is a 3% processing fee for all refunds issued. This will be deducted from the balance that is refunded to the original form of payment*
What does Rent Guaranty offer and what are the benefits?
Leap provides opportunities for renters who might not otherwise qualify, enhancing lease conversions for owners and operators while reducing the risk of default, minimizing bad debt, and boosting their NOI. It serves as an insurance policy: if a renter defaults on their lease, Rent Coverage compensates owners and operators for the unpaid rent. This enables operators to lease with confidence while giving renters access to their ideal apartments.
We are proudly backed by an insurance provider rated A – (Excellent) by A.M. Best.
How does an owner or operator register with Leap?
You can register with us by submitting the form below.
Register HereOnce we receive your submission a team member will reach out to you. There is no cost or commitment required. Upon registering we have a dedicated team ready to train and assist you each step of the way. If you have any questions please email heretohelp@leapeasy.com.
How long does it take Leap to process an application?
As fast as we receive the necessary and required documentation from the renter. In most cases we offer a 24 hour application turnaround time.
How do I file a claim? How quickly do claims get paid out?
Partners can file a claim through the Leap Portal. We encourage you to submit a claim as soon as you are aware of a loss. Claims payments are made when the operator regains possession of the unit.
What is the maximum lease term covered?
Leap guarantees leases up to 24 months.