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Rental Guarantee

Protect your rental income with our tiered guarantee program. Choose the tier that works best for you.

Basic

6 monthscoverage

Owner fee9% of rent
Tenant fee0% of rent
Eligible tenantsLow, Medium, High
Deposit requiredYes
  • Longest coverage period
  • Zero cost for tenant
  • Works with all verified risk levels
  • Standard security deposit required

Flex

4 monthscoverage

Owner fee3.5% of rent
Tenant fee3.5% of rent
Eligible tenantsLow, Medium
Deposit requiredNo
  • Split cost between owner and tenant
  • Lower owner commitment
  • No security deposit needed
  • For low and medium risk tenants

Zero Deposit

3 monthscoverage

Owner fee0% of rent
Tenant fee7% of rent
Eligible tenantsLow only
Deposit requiredNo
  • No deposit for tenant to pay
  • Zero cost for owner
  • Exclusive to lowest-risk tenants
  • Fastest move-in experience

Important Notice

NeedSpace rental guarantee is a managed risk-sharing arrangement — it is NOT an indemnity or coverage product of any kind. NeedSpace is not registered with or regulated by IRDAI. Service fees are contractual charges for the guarantee arrangement.

Read full disclaimer →

How It Works

1

Tenant Gets Verified

Our AI-powered verification checks identity, employment, and financial history.

2

Risk Score Computed

A deterministic risk score determines which guarantee tiers are available.

3

Choose Your Tier

Owner and tenant select the guarantee tier that works best for both parties.

4

Protected Rental

If the tenant defaults, NeedSpace covers rent payments for the guaranteed period.

Protect Your Rental Income

List your property on NeedSpace and choose the guarantee tier that works for you.

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