Why not use a Lease Bond.
A digital Lease Bond, is eGuarantee’s alternative to a bank guarantee. Providing the same guarantee with no paperwork, no bank queues, no branches and… no CASH. It’s a simpler, faster and more secure way for business owners to provide commercial lease security to their landlords.
A lease bond is an easier, faster, cheaper and more secure way for commercial tenants to provide lease security
We can take care of your Lease Bond needs in just 3 easy steps.
Click “Get Started” to start the process with your company details. You’ll need
Once all relevant documentation is provided, it will go through our process and be assessed by our team. Then one of our team members will be in contact to discuss.
Once all approved, and you’re ready to sign your lease. We’ll engage with your landlord and agent, if necessary and provide lease security and issue the Lease Bond.
Hear from some very happy customers
A Lease bond is a financial guarantee that can be used as an alternative to a bank guarantee for commercial leases.
eGuarantee uses an S&P AA- rated global entity to back your security requirement. Tenants apply for a Lease Bond for a minimum security value of $20K, and upon approval, the Lease Bond is issued to the landlord with the commercial lease agreement. With an annual fee paid by the tenant and all your cash back into the business. Think of it like a lump of money that is held securely on behalf of the tenant, in case the landlord needs to make a claim on the bond for things like contractual obligations not being met.
This is the traditional form of lease security that landlords will request to protect themselves from tenants not upholding their contractual obligations. It is issued by a bank, and typically requires tenants to put the cash into the bank, a lot of paperwork and for tenants to go into the retail branches to administer and issue. At issuance, the bank will be restricting access to the cash and requires an annual fee. Typically landlords will request for anything from 3 – 12 months of rent value for a bank guarantee which is stipulated in your lease agreement.
A Lease Bond provides the same level of guaranteed security to your landlord as a bank guarantee. But it’s simpler, 100% digitally secure with quality checks throughout the process. A Lease Bond does not require tenants to put cash in a bank account. eGuarantee does a financial health check on the tenant to determine eligibility, and for a small annual fee, Lease Bond holders are able to hold onto their cash to re-invest back into their business, whilst landlords can rest easy with security.
Customers who have switched to a lease bond have seen their cash balances increase by up to 200%!
Tenants pay a small percentage of the bond value as an annual fee for a lease bond at the point of issuing the bond.
For bonds below $200k, the fee is 5.5% p.a. Above $200k, the rate is generally lower and is determined by the financial assessment conducted by our underwriters.
An establishment fee also applies and in some cases legal fees may be incurred, depending on the organisational structure and requirements.
Check your eligibility today – it won’t cost you anything to apply.A-
eGuarantee acknowledges the Traditional Owners of the lands across Australia as the continuing custodians of Country and Culture. We pay our respect to First Nations peoples and their Elders, past and present.
A-Guarantee’s lease bond solution is issued by Assetinsure – Australia and New Zealand’s largest provider of surety bonds – as agent on behalf of international AA- S&P rated insurer HDI Global Specialty SE.
