Bolt In association with Pensio Realty S.A. offers Pensio's optional Five-Year Guaranteed Rent Program for Real Estate Investors in Panama
How Does Pensio Property Management Work
The Promise to Purchase Agreement Purchase Agreement includes the optional Pensio Property Management Guaranteed Rent program. The Buyer is under no obligation to enter into the agreement with Pensio.
Pensio Property Management Agreement: this an optional Property Management Agreement if you chose to offer your property for rent. It contains terms and conditions, including the guaranteed rent amount payable quarterly and the target net income. Guaranteed rent payments begin 90 days after possession to accommodate stabilization. Guaranteed rent is payable regardless of whether the unit is vacant, rented or the tenant has defaulted on rent payment. Guaranteed rent is subject to property management fees and payments the owner is required to pay found detailed in your Property Management Agreement. The initial term of 5-years which can be renewed depending upon the terms and conditions of the renewal.
Indemnity: the Buyer, if opting into the Property Management Guaranteed Rent program must execute an acknowledgment to indemnify the Seller from any liability relating to the obligations of Pensio.
Performance Bond: each buyer if opting into the Pensio program will be provided with a Performance Bond from World Insurance Associates LLC, licensed insurance Brokers in the United States. The Performance Bond insured by Rentalis Insurance Company, Inc a protected Cell Captive and reinsured by global reinsurers rated AM Best A or Better, is a surety securing the terms of the Pensio Property Management Agreement and guaranteed rent payable.
Frequently asked questions
Making your Property Management decision
Pensio Property Management Agreement
Purchaser Acknowledgement and Indemnitee
Performance Bond issued to you when you take possession of your property.
Executing the Property Management Agreements
Bolt Agent will provide you with a "Promise to Purchase Contract"; this is your purchase agreement between you, the buyer, and the seller.
What is Property Management with Rent Guarantee?
What is a Performance Bond and who is the insurer?
The Property Management Agreement and Guaranteed Rent is secured by a Performance Bond issued by Rentalis Insurance Company, Inc. You can find a sample of this performance bond in the schedules of your "Promise to Purchase Contract".