General

Frequently Asked Question

• More Information on our BIC (Landlord)
• Will I be approved?
• What do I need to complete the application?
• What is a Rent + Damage Guarantee?
• The cost of a Rent + Damage Guarantee
• How much coverage do I need?
• How does renewal work?
• What is the full application process?
• What payment methods are accepted?
• More Information on our RDG (Landlord)
• How much protection can I get? (Landlord)
• How much protection can I pre-qualify for? (Tenant)
• Get Approved Fast (Tenant)
• More Information on our BIC (Tenant)
• More information on our RDG (Tenant)
• Do I need to pay Locnest back in the event of a claim?
• How much does it cost? (Tenant)
• To whom should I ask the Rent & Damage Guarantee amount?
• If I relocate during my lease, can I get a refund?
• What is the payment agreement?
• My building/unit was sold. How do I transfer the guarantee to another landlord?
• I paid the guarantee last year and have been charged again, why?
• Stages of Application: Approval, Denied, Pending, Validated, Etc. What does it mean?

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