– Forbes Jan 28, 2019
Therein lies the problem. The bank guarantee system for commercial property leases is way past its use by date. But because “we’ve always done it this way” some businesses are reluctant to change.
Smart businesses embrace change.
Landlords can claim all or part of the lease bond with a click of a button – anytime, anywhere – through the eGuarantee online platform. With just a letter of demand, claims are usually paid within 24 hours.
Here’s a brief overview of the eGuarantee’s lease bond solution process.
indicative approval on average in 48 hours
eGuarantee provides the landlord a lease bond, just like a bank guarantee. That is: an unconditional, irrevocable and on-demand financial guarantee offering 100% of the lease value as security
rather than a large cash or asset-backed security