Interim Rent Charges
What we've seen…
Contracts with provisions that require payments to be made prior to the start of a lease/loan contract.
These are payments in addition to your scheduled lease/loan payments.
How to protect yourself…
Because interim rent could make a big difference in the overall rate charged, it's important to receive a thorough contract comparison or work with a reputable financing source so you don't pay more than you should over the course of your contract.
Lease/Loan Comparison Hotline:
As a no-obligation service for policyholders, you can call NCMIC's Lease/Loan Comparison Hotline. A specialist will compare a lease or loan you're considering to ours—before you sign on the dotted line.
Call 800-396-7157, ext. 6939
Learn more about the lease/loan comparison hotline
While NCMIC does not provide legal advice, we'd be happy to compare it to our contract and point out differences in terms and fees.
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