Anyone searching for the cost of a rental surety bond expects a number. The honest answer is that there is no single price: the cost comes from your lease figures and the insurer’s assessment. What can be explained is how it is built, what pushes it up and what you will be asked for, so you reach the quote ready and without surprises.
Why there is no single price
A surety bond is priced on the amount it guarantees. That amount comes from the lease: rent for the term, the deposit if the policy replaces it and any other items you add. On that base each insurer applies its rate according to the term and its assessment of the tenant. That is why two leases with the same rent can cost differently, and why any reference percentage is only indicative: the figure that counts is the quote with your data.
What goes into the guaranteed amount
The starting point is rent. Depending on the policy you can add the security deposit, ordinary building fees and utilities payable by the tenant (electricity, gas, water and telecoms) for a number of months, and overstay months, covering the time a tenant stays after the lease expires. Each item widens what the landlord has covered and, with it, the amount the cost is calculated on. A purely arithmetic example, not a price: on a 24-month lease with initial rent of ARS 600,000, rent alone adds up to ARS 14,400,000 before adjustments, and six months of ARS 80,000 building fees add ARS 480,000.
What else moves the cost
Besides the amount, the lease term, the insurer’s assessment of the tenant and how the policy handles rent adjustments all matter. The last point is key for leases with periodic updates: if the sum insured stays at the initial amount, inflation shrinks the cover against what the rent ends up being. Ask how each policy handles it before comparing prices, because two policies with different costs may not cover the same thing.
What insurers ask for
Before issuing, the insurer assesses the tenant: who they are and whether they can prove income. It usually asks for ID, proof or certification of income and the lease details; if the tenant is a company, it adds bylaws, tax ID, signatories’ IDs and balance sheets. No law sets the required income-to-rent ratio: each insurer defines it. If you are self-employed or have no payslip, ask which other proof is accepted, such as an income certification or your tax returns.
If you do not qualify
If the insurer does not approve you, the bond is not issued and you will need another guarantee the landlord accepts, such as a property guarantor or a bank guarantee. If two or more people rent together, ask whether the insurer can assess your incomes jointly. And submit complete, up-to-date information from the start: an incomplete file usually means new document requests and more waiting.
What you need to get a quote
The lease figures are enough to start: first month’s rent, the security deposit and the length in months. To also cover building fees, utilities or overstay, add the monthly amounts and how many months to guarantee. At Ayling, with that data we reply with the price within 24 business hours, and the policy is issued in the landlord’s name to be signed along with the lease.
Conclusion
The cost of a rental surety bond is no mystery, but it is not a fixed number either: it depends on how much is guaranteed, for how long and for whom. If you come to the quote with your lease figures and proof of income at hand, the answer is quick and comparable. And before choosing on price, check which items each policy covers and with what limits.
Related reading
The complete rental surety bond guide
What it covers, who is the policyholder and the insured, whether the landlord must accept it and what happens if you do not pay.
Go to the rental surety bond guideFrequently asked questions
Is there a fixed percentage to calculate a rental surety bond?
No. Each insurer sets its rate based on the guaranteed amount, the term and its assessment of the tenant. That is why it pays to quote with your real lease figures.
Does the price go up if I add building fees and utilities?
Yes: everything you add increases the guaranteed amount and, with it, the cost. In return, the landlord is covered for those items under the policy.
What income-to-rent ratio do insurers require?
No law sets it: each insurer defines it in its assessment. Keep up-to-date proof of income at hand.
How long does the quote take?
At Ayling, with your lease details we reply with the price within 24 business hours.
What documents do I need if a company is renting?
Besides the lease details, insurers usually ask for bylaws, the current board appointment record, tax ID, authorized signatories’ IDs and the last two certified balance sheets. Each insurer sets the final list.
Quote your surety bond with your lease figures
First month’s rent, deposit and length: with that data we reply with the price within 24 business hours.
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