Increase building NOI by eliminating risks from lease breaks

Eliminate risks from lease breaks while improving your resident experience by enrolling your buildings at zero cost to you.
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What is Lease Flexibility Coverage?

Lease Flexibility Coverage from Cios covers residents for rent obligations and lease break fees if they need to end their lease agreement prematurely. It's designed for situations like job relocations or college transfers, offering peace of mind to residents while improving economic occupancy for you.

Reduce bad debt from unpaid lease break fees

Lease Flexibility Coverage from Cios covers lease break penalties, reducing your bad debt from unpaid post-move balances.

Reduce economic vacancy from lease breaks

Lease Flexibility Coverage from Cios covers rent owed until units are re-leased, eliminating economic vacancy resulting from lease breaks.

Grow revenue by upselling residents on coverage

Upsell prospective residents on Lease Flexibility Coverage from Cios during leasing and move-in to increase revenue per unit.

Roll out coverage to residents seamlessly

Our team of onboarding experts is here to help you design, build, and roll out your Lease Flexibility Coverage program so you can hit your return-on-cost successfully with no surprises.
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Manage resident adoption online

Track and manage resident adoption of your Lease Flexibility Coverage program online through our operator portal. See which residents have adopted, and toggle program availability anytime.

Cut turn costs and vacancy losses from early lease terminations

Residents with Lease Flexibility Coverage from Cios are covered for rent and lease break fees owed, reducing your losses and bad debt on turn and vacancy.
Coverage for

Fees owed

Lease Flexibility Coverage from Cios covers your residents for all early termination penalties and fees up to $2,500, eliminating losses from turn.
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Coverage for

Rent owed

Lease Flexibility Coverage from Cios covers your residents for rent owed from move-out until re-lease or the end of their lease for up to $1,250 per month for up to 3 months, eliminating vacancy losses.
Optional add-on coverage is available to increase the coverage limit for fees owed to up to $7,000 per lease and the coverage limit for rent owed to up to $3,500 per month for up to 6 months per lease.

What does Cios cover?

Lease Flexibility Coverage from Cios covers residents for rent obligations and lease break fees if they need to end their lease agreement prematurely. It's designed for situations like job relocations or college transfers, offering peace of mind to residents while improving your economic occupancy.

Job changes and relocation

We'll cover residents' remaining rent and any break fees if they need to relocate for their current job or to accept a job offer.

Return to office policy changes

We'll cover residents' remaining rent and any break fees if their job's remote or hybrid work policy changes and they must return to office.

Job loss

We'll cover residents' remaining rent and any break fees if they are laid off from their job and they need to move out prior to the end of their lease.
Cios does not cover resident nonpayment without moving.

Home purchases

We'll cover residents' remaining rent and any break fees if they buy their first home and must move before the end of their lease agreement.

Divorce and separation

We'll cover residents' remaining rent and any break fees if they divorce or separate with a significant other and must move before the end of their lease agreement.

Marriage and civil union

We'll cover residents' remaining rent and any break fees if they marry or enter a civil union and must move before the end of their lease.

Early graduation

We'll cover residents' remaining rent and any break fees if they graduate ahead of schedule and decide to move out early.

College transfers

We'll cover residents' remaining rent and any break fees if they are approved to transfer to a different college and must move out early.

College withdrawal

We'll cover residents' remaining rent and any break fees if they withdraw from college and decide to move back home.

College dismissal

We'll cover residents' remaining rent and any break fees if they are dismissed from college for academic reasons.

Medical leave

We'll cover residents' remaining rent and any break fees if they are approved for a medical leave from school and want to move home.

Internships

We'll cover residents' remaining rent and any break fees if they relocate for an internship that was approved after the signing date of the lease.
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Enroll your properties today at zero cost

Get all the benefits of a custom Lease Flexibility Coverage program for your properties at zero cost to you.
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