IMPORTANT Eligibility Note
The RentSmart Guarantee Fund (RSGF) is a small pilot project covering 45 tenants that have been pre-selected by project partners, namely Aunt Leah’s Place, Y Young Moms Program, Y Pandora Youth Apartments and Pacifica Housing. If you have not been selected and approved for this project by the organizations listed above, please do not fill out this application form.
About the Program
The RentSmart Guarantee Fund (RSGF) is a limited pilot program operated by the Rent Smart Education & Support Society, a registered charity located in Victoria BC. The pilot is delivered in partnership with Aunt Leah’s Place and the Friendly Landlord Network in the Lower Mainland, the YMCA/YWCA South Island and Pacifica Housing in the Capital Region District. The RentSmart Guarantee Fund Program provides a $5,000.00 financial guarantee for up to 12 months for eligible tenancies. The program is made possible through financial support from donors and the Vancity Community Foundation. The purpose of the program is to increase access to housing for people and families at risk of housing instability by offsetting potential financial risk for private market landlords.
Questions? Need information or help? Try:
- RTB Forms: https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/forms
- Check out the FAQs on our website or contact us - we’re happy to help!
Contact: RentSmart Guarantee Fund, Attn: Andrew Holeton, #211-611 Discovery Street, Victoria, BC V8T 5G4 email@example.com | www.rentsmartguarantee.org | 250-388-7171 | Toll free: 1-833-333-7171
Step 1: To ensure eligibility under the program, please email firstname.lastname@example.org before signing a tenancy agreement with the tenant. Eligibility can be confirmed using the RentSmart Certificate Unique ID# found on the RentSmart Certificate of Graduation.
Step 2: Tenants and Landlords jointly complete the Application form and submit the Application packet to the RentSmart Guarantee Administrator by email to email@example.com, by mail to 211-611 Discovery St, Victoria BC, V8T 5GR. Digital scans are accepted but must be signed. Due to COVID-19, we are developing an online application process. We encourage you to check our website for further detail.
The Application must include:
- Signed Application form (Form 1) and acceptance of the Terms and Conditions
- Signed Copy of the Residential Tenancy Agreement (#RTB-1)
- Copy of the Move-In Condition Report/Inspection (#RTB-27) signed by both landlord and tenant
- Proof of payment of the security deposit and first months rent
All documents must be received within 30 days of the tenant’s occupancy.
Step 3: Once the completed application is received, it will be reviewed within 2 business days. The landlord and tenant will receive an email notifying them of acceptance or decline coverage. Both Landlords and Tenants will receive a signed copy of the approved application by mail. If coverage is declined, notification will include any possible remedies.