SURETIES & GUARANTEES
Rental Bond
Serves as a security deposit, paid by the tenant to the landlord at the beginning of the tenancy, alleviating the immediate cash flow impact. This amount is refundable upon vacating the property, contingent on the absence of any outstanding rent, damages, or additional costs, offering a financial safeguard for both parties.
APPLICATION
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Additional Information
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Enhanced Coverage
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Documents Required
Tenancy Agreement
Latest ACRA Bizfile (within 3 months)
Latest Audited Financials
Bond Format (if any)
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Applicable To
All Tenants
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Case Study
ABC Logistics entered into a sale and leaseback agreement with XYZ REIT. As part of the 7 year agreement, ABC has to put up deposit of 7 months amounting to $5 million. To reduce the impact such a situation has on ABC Logistics’ cash flow, they will then place a Rental Bond issued to XYZ REIT, as opposed to utilizing their cash amount.
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