Eqaro Guarantees and Nestaway Technologies Collaborate to Provide Rental Bonds

Eqaro Guarantees, a surety solutions provider, and Nestaway Technologies established a collaboration in which Eqaro Guarantees would issue rental bonds to landlords on behalf of renters at Nestaway Technologies. 

Both firms want to target the full renter population, which includes families, working professionals, and singles.

This service will first be offered in Bangalore, Mumbai, and the National Capital Region, before being expanded to other locations where Nestaway technologies are prevalent. Through this cooperation, residents would have alternatives based on their budget and personal preferences. 

Landlords will not be required to seek out credit-verified tenants, run background checks, or pursue renters who do not pay their rent on time.

"Working from home has become a permanent norm in several sectors, raising the need for hassle-free leases,"

This agreement will make rental properties available to potential renters without requiring a security deposit, while also providing landlords with credit-verified and evaluated tenants. Rental bonds outperform typical cash deposits by allowing renters to carry through the advantages of a positive tenancy history to future leases."

"As pioneers in the drive to proactively bring order to an unorganised home rental sector, we see this alliance as another step in that direction," stated Amarendra Sahu, CEO of Nestaway Technologies. We think it simplifies landlord-tenant interactions and improves the overall quality of our client experience."