Institutional rental agreement. Security
for business landlords.

Institutional rental is a solution that provides greater security than a regular rental agreement. Its main benefit is the faster tenant eviction if they don't want to move out after the agreement ended or was terminated.

The most important differences between institutional and ordinary rental are:

1. A tenant in the institutional rental agrees in advance to eviction and provides an address to which the bailiff can move them. The landlord does not have to waste time on a lengthy court process, and the eviction is not delayed by waiting for social housing.

2. Only a business landlord can sign the institutional rental agreement. Natural persons can use the regular lease agreement or a solution dedicated to them, the occasional lease agreement.

3. Institutional rental agreement can only be concluded for a specified time. It may be any period.

4. The deposit in institutional rentals is limited to six times the rent. In a regular agreements, the limit is twice as high, but it doesn't really matter as rental apartments on Rendin are rent-free and it's our firm that protects the landlord against losses.

5. Institutional rental allows you to increase the rent during the contract. This is a benefit that is not available in a regular rental agreement. To use it, however, the parties must include information about increasing the rent in the rental agreement.

In order for an institutional rental agreement to be effectively concluded and to provide the landlord with additional protection in the event of a dishonest tenant who doesn't want to voluntarily move out of the apartment, the parties must meet certain conditions.

After signing the contract, the tenant must provide the landlord with the declaration signed by a notary in which they voluntarily submits to enforcement (eviction) and declare to leave the premises within the time specified in the enforcement request.

For the duration of the rental agreement signed on the Rendin platform, we charge a fixed monthly fee of 2.5% of the rent amount specified in the agreement. So, if you rent your apartment for 3000 PLN a month, the Rendin fee will only be 75 PLN.

By default, it's the tenant who bears this cost and they must make a transfer of the fee amount to the Rendin account once a month. However, as a landlord, you can decide that you will pay the fee yourself, from your own account, and increase the rent paid by the tenant by that amount. Regardless of which party is the payer, they will receive monthly invoices from us.

To get the Rendin protection, follow these steps:

1. Sign up for our digital platform, then create a property listing.

2. Invite tenant candidates to create Rendin accounts and get background checked.

3. Select a vetted tenant and input their details into the provided agreement template.

4. Review the agreement with your tenant and finalize it directly on our platform.

5. Sign the rental agreement digitally, then simply sit back, relax and enjoy Rendin protection.

Apartments rented on our platform are available completely deposit-free. Instead, as a security for the contract, we offer landlords our guarantee of rent payment and loss compensation up to 10 times the rent amount. This provides protection in case of losses due to the tenant's fault and other benefits, such as automatic tenant candidate verification and free legal assistance throughout the entire rental period, including assistance in terminating the agreement and eviction.

Our goal is to create a fair and safe environment for landlords and tenants. We want to make renting more affordable, that's why we replace the 1 or 2-month deposit (which we believe is outdated and completely ineffective) with comprehensive Rendin protection.