Record Number of Owners and Rental Buildings Now Accept Insurent Lease Guaranty

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The Insurent® Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Its role as the "institutional mommy and daddy" allows thousands of leases to quickly and easily close to the benefit of all parties that otherwise would not close without Insurent.

The owners and rental developers in NYC are using the Insurent Lease Guaranty Program because they recognize that Insurent gives them the opportunity to close many more leases without any risk or cost.

Owners are increasingly signing up to utilize Insurent to close more Leases quickly with no risk or cost. 12 owners signed up buildings to utilize Insurent’s Guarantor Service in August including Halstead Property, Columbus Square Management, Icon Realty Management, Stellar Management, Werber Management, and Weinreb Management.

Insurent is a win-win tool for the owner and the renter. Insurent guarantees the full rent obligation and takes all the risk away for the owners and allows them to close many more leases. At the same time, many desirable renters who want to live at the these attractive Insurent buildings can now quickly qualify for the fantastic apartment that they want for a reasonable price.

At press time, over 30 new rental developments are using Insurent In NYC. On the Upper Westside of Manhattan, Columbus Square Management added their final building,the luxury 805 Columbus Avenue, to the Columbus Square complex. Other extraordinary developments using Insurent on the upper Westside include: The Aire (A & R Kalimian), The Ashley(Extell Development), The Aldyn (Extell Development), and The Corner. (Gotham now TIAA-CREF)

40 Gold Street joins a number of stunning new rental developments in the financial district using the Insurent Lease Guaranty Program including New York by Gehry (Forest City Ratner), William Beaver House (Rose) , and 200 Water Street (Rockrose).

In Brooklyn, The Andrea, managed by Cooper Square Realty, located at 218 Myrtle Avenue and 499 Vanderbilt, managed by Vicki Negron of Corcoran, both recently signed up to use Insurent. Other new rental developments in Brooklyn which utilize Insurent are: The Addison (managed by Citi-Habitat Marketing Group), Arias Park Slope (managed by The Marketing Directors) the Brooklyner (Equity Residential), 34 Berry Street (managed by Rose), 80 Dekalb Avenue (Forest City Ratner), and 184 Kent Avenue (managed by Rose).

Charles Schoenau, Managing Director of Insurent, commented on the increasing use of Insurent in existing buildings and in new rental developments in New York: “The owners and rental developers in NYC are using the Insurent Lease Guaranty Program because they recognize that Insurent gives them the opportunity to close many more leases without any risk or cost. It has been easy for owners and developers to adopt Insurent because it has been successfully adopted by the “best of the best” owners and major developers all over Manhattan and Brooklyn for the past three years including Glenwood, Manhattan Skyline. Gotham, and Rose. In addition, Citi-Habitat Marketing Group, Halstead, Rose, and the Marketing Directors, have advocated and used Insurent in the new rental developments they manage in NYC, and renters and brokers increasingly want to use Insurent to close their leases.”

The Insurent® Lease Guaranty Program was created to serve renters, landlords, condo/co-op owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. Insurent Lease Guaranty has been featured in the New York Times, The Real Deal, The New York Real Estate Journal and Real Estate Weekly.

The Insurent® Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A.M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent® Lease Guaranty to satisfy the landlord's financial and credit requirements.


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Charles Schoenau
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