The Landis Co., Realtors is offering tenants the opportunity to add this accidental damage waiver to all new leases for 2013 instead of putting up a security deposit. If you have more questions about have it works contact your Landis Company agent and rest a sure your 2013 vacation rental will be trouble free.
ACCIDENTAL DAMAGE WAIVER
All Landis Co leases include a non-refundable $45.00 fee for an Accidental Damage Waiver (ADW). This waiver protects the tenant from the expense of unintentional and accidental damages tenants and/or their guests may cause to the rental property during the term of the lease. The ADW eliminates the large up front payment of a property Security Deposit. All covered and non-covered damages must be disclosed and reported to the rental agent within 24 Hours of the occurrence and prior to check out. Upon receipt of notification of damages, the Agent will immediately order an inspection and verification of the damages including an estimated cost of repair/replacement. The ADW fund will pay maximum damage protection of up to $1,500. The tenant will be responsible for any damages that exceed this amount as well as damages that are listed as excluded from coverage. If during the term of the lease, a tenant or guest causes any damage to the leased real or personal property as a result of inadvertent acts or omissions, the ADW fund will reimburse the property owner the cost of repair or replacement of such property up to a maximum damage amount of $1,500. Certain terms, conditions and exclusions apply.
ADW WILL NOT COVER THE FOLLOWING ITEMS:
• Group Seasonal Rentals are specifically excluded from this program
• Damages considered to be normal wear and tear
• Cleaning or excessive cleaning
• Beach Tags
• Trash removal and/or violations of the City Trash Ordinance are not covered if the owner does not provide a required number of lids and cans.
• Acts of God
• Loss or damage to tenant's property or rental equipment brought on the premises
• Pet damage in pet friendly units covered up to $250
• Violations to the owner of any City Ordinance or Citation caused by the tenant covered up to $100
Additional details of the ADW can be found in the Landis Co handout. By submitting payment for this plan and accepting the terms and conditions of the lease, the tenant authorizes the Landis Co Realtors through the ADW Fund to disburse any amount due and payable under the terms and conditions as set forth in the program. The tenant must notify the Landis Co of their non-participation in the program PRIOR to signing a lease. Upon waiving ADW Fund participation, the tenant will be required to pay a refundable security deposit in the amount of $500. Please refer to the Security Deposit clause in the lease agreement for more information.
For more information about this program and other travel related services contact The Landis Co., Realtors at info@LandisCo.com or call us at (609)263-3400. Find us on the web at www.LandisCo.com.