Risk Mitigation Guarantee

Question: What if my tenants’ pet causes damage?
Answer: Grace Management will pay

Question: What if my tenant has to be evicted?
Answer: Grace Management will pay

As a Grace Management owner-client you can relax and let us handle everything, including two of the biggest risks that a landlord may face: eviction legal fees and pet damage.

How can we do this?

Because our screening is so good, and our processes are so tight, we are able offer you this service.

Our risk mitigation guarantee will reimburse you up to $1,000 in eviction legal fees, or $1,000 in pet damage (to a maximum of $1,000 per lease) if these costs exceed the amount of the tenants’ security deposit.

*Maximum payout per lease not to exceed $1,000

Plan Administration / Eligibility Requirements:

Landlord account with Grace Management must be in good standing and with no violations of the terms of the Residential Management Agreement. Termination of the Residential Management Agreement shall cause enrollment in Risk Mitigation to immediately terminate and Grace Management shall not be responsible for any claims either past or future.

Resident must have been procured by Grace Management and on a Grace Management lease agreement.

In the event a resident defaults on the payment or rent, Grace Management will have the sole right and sole discretion to institute legal proceedings for an eviction.

All legal fees incurred or charges for pet damage will first be billed to the resident. Grace Management will first attempt to collect funds from resident to reimburse owner. If Grace Management does not collect these funds from resident, then Grace Management will pay these expenses within the coverage limits stated above.

All amounts due from resident for legal fees or pet damage will first be deducted from the residents security deposit, and Grace Management will pay any amount over the security deposit to the maximum payout amount. Grace Management will have a first claim position against resident for any payment(s) recovered.

The maximum payout by Grace Management per lease agreement will not exceed $1,000.

All payouts by Grace Management will be made after the resident has vacated the premise and after the completion of the security deposit disposition by Grace Management.

Any lease administration fees charged to the resident will be retained by Grace Management.

This guarantee applies only to animals that have been reviewed and formally approved by Grace Property Management. The guarantee does not apply if a resident maintains any unapproved animal. Service animals and emotional support animals are expressly excluded in accordance with applicable Fair Housing regulations.

This guarantee applies solely to evictions resulting from non-payment of rent. It does not apply to evictions for lease non-compliance, violations, or no-fault actions, including non-renewals.

Due to federal and state-regulated screening requirements, this guarantee does not cover eviction-related costs for any resident participating in a government-subsidized housing program, including but not limited to Section 8.

Grace Property Management reserves the right to determine eligibility for this guarantee based on documented compliance with company policies and applicable law.