eGuarantee’s commercial Lease Bonds: easier, faster & cheaper

What is a commercial Lease Bond?

A commercial Lease Bond is a three-party contract, with the landlord, tenant and guarantor that is used as an alternative to commercial lease security.  The guarantor holds the total value of the lease security as an IOU for the tenant and the tenant pays for an annual fee to have it made available. In the event tenant breaches their lease obligations and landlord needs to make a claim, the guarantor pays any claims made unconditionally and on-demand and the guarantor redeems the amount from the tenant. 

Lease Bonds allow tenants to release their cash which would have been tied up in the lease security as a “in case” scenario for the landlord, but also allows landlords the security they need to protect their assets. 

eGuarantee’s commercial Lease Bond

As the only distributor of Commercial Lease Bonds to the Australian and New Zealand market, eGuarantee’s Lease Bond solution is an award-winning digital financial solution that allows commercial tenants and landlords to enjoy financial, administrative and security benefits with all the protection of a traditional bank guarantee.

eGuarantee’s Lease Bond solution is backed by an S&P A+ rated global entity, and executed via our encrypted technology platform – which brings lease security on par with today’s modern way of working without compromising any of the product. 

Tenant Benefits

• Free up your business cash: For business tenants, eGuarantee’s Lease Bond solution forget hefty upfront cash deposits. Instead, you only have to pay a small annual service fee.
• Boost finances instantly: Switch to eGuarantee mid-lease and reclaim your cash bond or bank guarantee for instant working capital.
• Invest in growth: Transform ‘dead money’ in a bank guarantee, and invest it back into your business operations, upgrades, people or growth.
• Quick approvals: With eGuarantee, tenants can be approved in as little as 48 hours with zero cash or collateral.
• Enhanced security: As a completely digitised form of lease security held on a secure, encrypted platform, Lease Bonds allows you to avoid the unwanted exposure of outdated paper authentication.
• More convenient: Being an end-to-end digital solution, eGuarantee’s lease bond solution allows you to do away with the administrative hassle and stress of bank applications and landlord negotiations with a simple electronic application and credit process.
• Total transparency: Access real-time lease guarantee details 24/7.
• Enhanced communication: Communicate & manage your lease seamlessly  via an online dashboard.
• Better tenant-landlord relationships: Start smooth tenancy with assured payments via a trusted third-party underwriter.

Landlord Benefits

• Save money: eGuarantee’s Lease Bond solution is 100% free for landlords to offer and use, and the digital platform saves resource allowing management 24/7 online access.
• Higher tenant satisfaction: Release your tenants business cash back into their business, encourages tenant attraction and tenant retention.  
• Enhanced security: Have peace of mind knowing that your lease securities are held on a secure, encrypted platform to avoid, loss, fraud or human error.
• More convenient: being an end-to-end digital solution, eGuarantee’s Lease Bond solution removes administrative hassle and stress of keeping track of paper bank guarantees, going to physical branches and lining up in queues. Manage claims and cancellations instantly through a globally accessible online platform.
• Total Transparency: with eGuarantee you can digitise your entire bank guarantee portfolio and integrate it with Lease Management software through an open API for real-time viewing of your lease security
• Automated processes: receive advance notice of your lease expiry date, as well as automatic increase of lease bond value in line with rent escalation.
• Guaranteed payment: rest assured that your claim is unconditionally, irrevocable and paid on-demand. 
• Streamlined processes:
  • Communicate seamlessly with all parties involved via eGuarantee’s digital platform
  • Increase productivity by permitting platform access for your solicitors and asset managers
  • Share your records and lease agreements with your custodians and trusts
• Streamlined property transfer: save yourself the administrative burden with a customised template of the terms and conditions of your leases, allowing you to effortlessly transfer eGuarantee’s Lease Bond solution electronically when your property is sold or acquired.
• Better tenant-landlord relationships: start your lease agreement on good terms with an eGuarantee lease bond solution that provides financial relief for your tenants, saving them from having to put up precious collateral or provide large upfront cash amounts.

Why choose eGuarantee?

1. Underwritten by the best

All eGuarantee lease bonds are administered by Australia’s largest surety underwriter, Assetinsure, on behalf of a global A+ S&P rated entity.

2. Secure your commercial lease faster

On average, eGuarantee provides lease bonds three times faster than traditional bank guarantees.

3. Growing industry adoption

Most of Australia’s largest commercial landlords are already onboard, with Dexus, Investa, Vicinity, Centuria, Mulpha, EG Funds, Aliro and many more business partners already using eGuarantee’s lease bond solution. See who we work with here

4. Tailored to the market

With bonding facilities available from $20,000 up to $15 million, eGuarantee Lease Bonds are a suitable option for tenants who don’t want their cash tied up in a bank guarantee or want the flexibility to manage it online, anywhere and any time. 

5. Support every step of the way

eGuarantee are commercial lease experts, we provide helpful guidance to complete the application process and customising the product to ensure it works for both tenants and landlords.