Even the best tenants can face unexpected challenges—and when that happens, property owners often feel the financial impact first. That’s where Rent Protection through OP comes in.
What is Rent Protection?
Rent Protection helps safeguard rental owners from losses that occur when a tenant defaults on rent. With OP, owners can receive up to two months of lost rental income on qualifying units—helping to bridge the gap and keep things running smoothly.
When does Rent Protection apply?
There are a number of situations where this protection can make a big difference, such as:
- A tenant stops paying rent and is evicted
- A tenant breaks their lease early
- A tenant abandons the property without notice
- A tenant voluntarily moves out with rent still owed
- A tenant passes away, leaving rent unpaid
In short, Rent Protection is there to help minimize the financial stress when life (or a lease) doesn’t go as planned.
By reducing risk and protecting income, OP gives property managers and owners peace of mind—so they can focus on maintaining great homes and relationships with their residents.
If you’d like to confirm your level of Rent Protection or review your enrolled units, reach out to our team anytime. We’re here to help.