Commercial landlords and
managers enjoy peace of mind
payment in the event of tenant default.
Commercial lease security
Acconto’s commercial lease security alternatives take deposit transactions off balance sheet. Cash deposits are a liability on landlord books. Acconto’s letter of credit product removes this obligation without compromising on security.
Liquid tenants
pay rent when up-front cash deposit obligations are eliminated!
Landlords can rest assured
Landlords can rest assured they will get the benefit of deposit amounts in default situations. Acconto’s letter of credit operates independently from insolvency and bankruptcy statutory and common laws in the event of tenant default.
Frequently Asked Questions
Acconto democratizes the lease deposit/security process for SMEs and other companies that may not be able to provide traditional forms of security.
Acconto issues a letter of credit for the deposit obligation amount with the landlord as beneficiary. At the same time, Acconto and the tenant enter into a fee and reimbursement agreement tied to the letter of credit issuance. This agreement sets out the terms of the arrangement, including the payment of an annual fee.
Pricing is tailored to tenants based on a seamless credit adjudication process. Please get in touch with us to see if Acconto’s letter of credit is right for you. The letter of credit is free to the landlord.
Are you a tenant looking to learn more about Acconto’s product?
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