A lease bond is a non-collateral alternative to a bank guarantee for commercial lease security.
Unlike the banks where collateral is required to obtain a bank guarantee, lease bonds are issued based off an operational and financial assessment.
Tenants access this security through a small annual fee, without the need to tie up a large amount of working capital in a bank account. Tenants are required to sign an indemnity, which is a legal contract.
In the event of a claim, the lease bond is paid unconditionally to the landlord and must be re-paid by the tenant.
The minimum lease bond amount we can assess is $20,000, up to several million dollars.