Panda's Products
PandaGuarantee offers two solutions designed to help landlords reduce leasing risk while providing tenants with more flexible move-in options.
PandaGuarantee offers two solutions designed to help landlords reduce leasing risk while providing tenants with more flexible move-in options.
PandaGuarantee
PandaGuarantee provides landlords with coverage for certain financial losses resulting from a tenantβs failure to meet their rental payment obligations under the lease, including unpaid rent and other covered rent-related amounts, subject to the terms, conditions, and coverage limits of the bond.
The bond is issued for an approved coverage amount and coverage period and names the landlord or designated beneficiary as the protected party.
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PandaDeposit
PandaDeposit provides an alternative to a traditional cash security deposit.
Instead of paying the full security deposit upfront, tenants pay a smaller upfront fee and monthly payments to PandaGuarantee. PandaGuarantee provides coverage to the landlord for eligible losses, subject to the policy terms and coverage limits.
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PandaRenters
PandaRenters insurance allows tenants to protect their personal belongings against damage. Requiring renters insurance can reduce your liability as a landlord, so it's highly recommended you require tenants to purchase coverage.
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Why use all three?
We recommend enrolling in both PandaGuarantee and PandaDeposit together to provide broader protection, and reduce upfront move-in costs for renters.
The Lease Rental Bond provides coverage for eligible unpaid rent and rent-related obligations, while PandaDeposit provides coverage for eligible losses typically associated with a security deposit, such as tenant-caused damages. PandaRenters protects the tenant's personal property, and can reduce the owner's liability.
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