Tenants - More Reasons to Join

• Move in to decent apartments without breaking the bank.
  
• Once you have a bond written, it is good for as many years as you stay in the unit provided that you fulfill your obligations. If you move to a different apartment or landlord, there will be an administration fee to change the bond. However, you will not have to buy the bond again.
  
• For a $1000 per month apartment, you can leave $1800 in your bank account to help take the financial pressure off and reduce credit card balances. A $1500 balance can cost $225 a year to carry. With smart use of your money, your bond is free and can start earning you money in the first year of ownership.
  
• It is important to note that this is not like car insurance where if you get in an accident you pay a deductible and the insurance company pays the rest.
  
• Bonds are performance guarantees if you fail to cover your obligations with the landlord. The bonding company will pay the landlord the amount they are owed up to the limit of the bond, i.e. $1500, $2500 or 3500 etc... whatever the landlord had required and the bonding company will pursue recovery of all costs occurred including but not limited to collection fees and legal fees. If you do not meet your obligations, apartment bond will do everything possible to see to it you do not get another apartment.