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Pet Eviction Guarantee

Question: What if my tenants’ pet causes damage?
Answer: NewGen Properties will pay

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

As a NewGen Property Management owner-client you can relax and let us handle everything, including two of the biggest risks that a landlord may face: eviction expenses 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 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.

Event: $ Coverage Amount
EVICTION FEES $1,000
PET DAMAGE $1,000
*Maximum payout per lease not to exceed $1,000

Plan Administration / Eligibility Requirements:

Landlord account with NewGen Property 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 NewGen Property Management shall not be responsible for any claims either past or future.

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

In the event a resident defaults on the payment or rent, NewGen Property 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. NewGen Property Management will first attempt to collect funds from resident to reimburse owner. If NewGen Property Management does not collect these funds from resident, then NewGen Property 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 NewGen Property Management will pay any amount over the security deposit to the maximum payout amount. NewGen Property Management will have a first claim position against resident for any payment(s) recovered.

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

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

Any lease or pet administration fees charged to the resident will be retained by NewGen Property Management.

This guarantee applies only to animals approved by NewGen Property Management and does not apply if a resident has an unapproved animal. This guarantee excludes Service Animals/Comfort Animals/Emotional Support Animals per Fair Housing guidelines. This guarantee excludes eviction fees for any resident on a government subsidized program including Section 8.