for Multifamily

Reduce your exposure to unexpected turn and vacancy

Enroll your properties for Lease Flexibility Coverage from Cios to reduce your exposure to unexpected turn and vacancy losses from early lease terminations.
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Give residents the flexibility they want without increasing risk

High-value residents want more flexibility to meet their changing work and lifestyle needs. Provide it to them as a valuable financial amenity by enrolling your property for Lease Flexibility Coverage from Cios.
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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.

Benefits for Multifamily Operators

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.

Reduce bad debt from unpaid lease break fees

Lease break fees and other post-moving fees suffer from low collections rates. Reduce bad debt proactively by ensuring payment of lease break fees.
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Reduce economic vacancy from lease breaks

Off-season vacancies from lease breaks are costly and unexpected. Protect yourself from the risk of extended vacancies with coverage on rent owed until re-lease.

Grow RevPAU by upselling residents on coverage

Increase revenue-per-unit (RevPAU) and increase your efficiency by upselling residents with a valuable financial amenity package headlined by Lease Flexibility Coverage from Cios.
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Create a unique Lease Flexibility Program tailored for your property

Our onboarding experts can help you develop and implement a unique Lease Flexibility Program tailored for your unique needs.
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Minimize risk with minimum coverage requirements for prospective residents

Create a custom minimum coverage requirements program for prospective residents to minimize risk from early lease terminations across your portfolio.
  • Set minimum requirements for coverage on fees owed, rent owed, and policy length.
  • Monitor resident compliance through our free property manager portal software.
  • Increase RevPAU by upselling residents on additional coverage options during checkout.
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Increase RevPAU by upselling prospective residents on optional coverage

Implement a custom opt-in or opt-out program for Lease Flexibility Coverage to increase revenue-per-unit and create new monetization opportunites
  • Embed coverage purchases directly into your leasing process through a PMS integration.
  • Increase purchase rates with email and direct mail advertising to new residents.

Increase retention with a portfolio-wide flexibility coverage plan

Retain residents across multiple leases within your portfolio by providing "move anytime" coverage powered by Cios within your portfolio of properties.
  • Require or make optional coverage for your "move anytime" policy across your portfolio.
  • Cover turn costs involved with moving residents from one unit to another in your portfolio.
  • Retain residents, even when their needs change by incentivizing them to stay in your portfolio.
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