Although the product has been available for a long time, in the last years it became popular within real state operations on bond insurance to guarantee lease payments and to substitute the deposit fund, mainly because of its speed and simplicity in managing eventual claims and needs of indemnization as a consequence of non-fulfillment. Therefore, it has become a valuable tool to support lease obligations, both commercial and/or private.
- Supporting Documentation
Supporting documentation will be required -copy of the lease agreement- which must include the main elements thereof (parties to the contract, real property, term, cannon, terms and conditions)
- Information about the contracting party
Should it be the first time this party operates with us, a copy of the company's last annual report will be required.
- Additional Information
According to the assessment of the risk to be guaranteed, in some cases, some additional information may be required.