What:
Otso Corp and Assurely partnered to offer insurance policies for office lease security.
Why:
The insurance allows landlords to reduce the risks of leasing while saving tenants of commercial property essential capital when leasing property for their businesses.
How:
- Otso’s technology is used to make decisions for prospective tenants, and it examines over 800 credit variables, including exclusive banking history, to enable most applications to be activated in minutes.
- Its policies are currently available in 40 US states for commercial real estate office, retail, and industrial/flex properties covering lease security needs from $1,000-$500,000.