With NRGI Broker, you get more than just a bond—you get a fast, reliable solution tailored to each tenant’s profile. We focus on protecting your investment while making lease signing smoother, backed by solid technical and legal support.
Bonds
Lease Guarantee
A Lease Guarantee Bond is a financial instrument that protects the lessor (landlord/owner) against non-payment of rent by the lessee (tenant). It applies to real estate leases (residential, commercial, or industrial) as well as personal property rentals (machinery, specialized equipment, or vessels).
In the event of default, the surety company pays the outstanding amounts to the owner and subsequently manages the recovery process against the tenant.
When Is It Required?
This type of bond is commonly required for medium- to high-value operations, such as:
- Real Estate Lease Agreements: Residential, commercial, or industrial properties.
- Machinery and Equipment Leasing: For business and industrial processes.
- Specialized Personal Property Rentals: Such as maritime vessels or technical equipment.
Requirements for Issuance
To issue a lease bond, the surety company evaluates the tenant’s economic and legal capacity. Typical requirements include:
Legal Documentation:
- Legal Entities (Corporations): Articles of Incorporation, power of attorney, tax ID certificate (RFC), and proof of address.
- Individuals: Official ID, CURP, tax situation certificate, and proof of address.
Technical and Financial Solvency:
- Tax returns and financial statements for the last two fiscal years, plus the most recent interim statements (not older than 3 months), and a company profile/resume.
Lease Agreement.
Collateral / Additional Guarantees:
- In some cases, the surety may require a co-signer (obligado solidario) with real estate property, proven financial solvency, or liquid collateral proportional to the bond amount.
Frequently Asked Questions
What happens if the tenant does not pay rent?
The surety company indemnifies the lessor for the overdue rent amount, according to the terms of the bond. Subsequently, the surety exercises its right of recovery against the tenant.
Can I obtain a bond without a guarantor (aval)?
Yes. Some surety companies may issue the bond without a traditional guarantor, depending on the applicant’s financial strength. A related company with high solvency acting as a co-signer is also an acceptable form of guarantee.
How long does it take and what is the cost?
With complete documentation, the bond can be issued within 24 to 72 hours. The cost (premium) depends on the total rent amount and the tenant’s risk profile.
Why Secure Your Bond with NRGI Broker?
With NRGI Broker, you get more than just a bond: you gain access to an agile, reliable solution tailored to the tenant’s profile. Our approach is designed to protect your investment, facilitating contract signing with full technical and legal support.
Benefits of working with us:
- Rapid tenant assessment.
- Streamlined, hassle-free digital processing.
- A network of top-tier surety companies for real estate and equipment.
- Technical and legal guidance throughout the process.
- Assistance in obtaining expedited bonding lines.
