Security Deposits can be a stress on you or your families’ finances. At One Team Realty, LLC we offer you two options.

You have two options for security deposits with One Team Realty.

1. The normal deposit that most are used to. You pay an amount equal to one months’ rent before you move in. A typical rent may be $2500 a month. That means your deposit would be $2500 as well. In this example, to move in at the first of the month you would pay a total of $5000.00. If you have a pet then that would be an additional amount, typically $500 or more. This can be an expensive move for you and your family.
2. Purchase Security Deposit Insurance through a company we use that covers damages beyond normal wear and tear. Premiums are an annual, non-refundable fee and are partially based on credit score. The rates will vary from tenant to tenant, but they are just a fraction of what a normal cash deposit (Option 1) would be, saving you money at move-in. If military orders move you off island, we can end your policy early without any penalties or fees. You will be provided with more information on this service as part of the application process.
   

       (This is an example and your premiums could be different based on your credit history)

If Security Deposit is zero dollars ($0) as defined in the Principle Terms of this Lease Agreement, tenant does hereby agree to
the Lease Rental Bond Program, issued by My Lighthouse Insurance Services (“Insurer”). Tenant acknowledges coverage is
not for their benefit nor is it renters insurance of any kind intended to cover losses to personal property. The Bond is issued
to the Tenant solely for the Landlord’s benefit and provides reimbursement coverage exclusively to the Landlord pursuant to
the terms, conditions and limitations set forth in the Bond, for certain physical damage, loss and costs incurred by the
Landlord with respect to the Rental Property (beyond normal wear and tear) (“Damages”), and for lost and unrecovered
economic value with respect to a Rental Property arising from, amongst other defaults, my failure to meet rental payment
obligations under the Lease Agreement, including past due rent, unpaid rent, fees, costs, expenses, and cancellation and
other penalties (“Loss of Rent”) up to the Bond Coverage Amount only. The opportunity to participate in the Lease Rental
Bond Program was not mandatory, nor was it represented by anyone to the Tenant to be mandatory; it was offered in lieu of
Tenant posting a Security Deposit or other upfront cash payments to the Landlord. The payment of Premium under this
Agreement is not a security deposit, and is not insurance for Tenant’s benefit. Tenant will not receive the Premium payment
back at the end of the Bond term.

Option 2 significantly lowers your move-in costs, it gives you more of your cash to use for what you need it for and to meet your financial obligations. This is totally voluntary and you have no obligation to choose this option. You will be required to have a deposit on record prior to moving into a home that One Team Realty manages.

This is your option so whatever works best for your situation would work for us. You can select this option when signing the lease and we would send you an invitation to join and sign up.

We do charge a small admin fee for this and that fee is an annual fee paid to One Team Realty. This fee is separate from the insurance bond company.

One Team Realty, LLC is proud to be the first to offer this in Hawaii and we try to make your move less stressful.

Our customer service will move you!