Rental Guarantee - Terms and Conditions
Guarantee Initiation: Stake guarantees that the first rental payment will be made no later than the end of the second month following the property's funding date. For example, if a property is funded in April, the first guaranteed rent payment will be made by the end of June at the latest.
Coverage of Rent: Rent will be guaranteed when the property does not generate any rental income, ensuring financial stability for the investor. The guarantee only applies to newly funded properties and does not apply to the properties bought on Stake's Exit Window.
Duration of Guarantee: Stake will guarantee the rent for a maximum period of 8 weeks. This duration is calculated from property's mentioned guarantee date. If a property is funded in April, Stake will guarantee the 8 weeks of rent beginning on the guarantee date.
Total Guarantee Window: The total potential duration for which rent can be guaranteed is 8 weeks.
No Overlap of Payments: No double rental payments will be made under this guarantee. Each week within the guarantee period will have only one rent payment covered.
Claim Process: Shareholders will automatically receive the guarantee every Friday during the applicable period.
Campaign Discontinuation: Stake Properties reserves the right to forfeit this campaign at any point in time.