RentFund was created to help renters pay rent when life happens.

Unexpected bills, reduced hours, job loss, family emergencies, or delayed income can make it hard to pay rent in full all at once.

RentFund gives renters another option by helping get rent paid upfront, then allowing them to make payments through smaller, more manageable payment options over time.

If you are wondering how RentFund works, this guide explains the process step by step.

What is RentFund?

RentFund helps renters pay rent by sending the rent payment upfront and giving them access to payment options to pay over time.

Instead of needing the full rent amount all at once, renters can see what options may be available, choose the option that works best, and have rent funds sent by e-transfer or direct deposit.

RentFund is designed to help people pay their rent when life happens.

Who is RentFund for?

RentFund may be helpful if:

• You are short on rent this month.

• You do not have the full rent amount upfront.

• You had an unexpected bill or emergency.

• Your paycheque was delayed.

• Your hours were reduced.

• You need rent paid quickly.

• Your landlord does not offer payment plans.

• You want to split the cost into smaller payments.

• You are behind on rent and want to catch up.

RentFund is not only for extreme situations. Sometimes renters just need a short-term solution to get through a difficult month.

Step 1: Enter your rent amount

The first step is to enter the rent amount you need help with.

This helps RentFund show options based on your request.

You may need help with your full rent payment, or you may only need help with the portion you are short.

For example, if your rent is $1,800 and you already have $1,200, you may only need help with $600. Or you may want to split the full $1,800 into four payments of $450.

Step 2: Select how funds should be sent

RentFund can send funds using e-transfer or direct deposit, depending on the option selected.

Funds may be sent to your landlord or directly to you.

If funds are sent directly to you, RentFund requires proof that the funds were used to pay rent.

Proof can include:

• A rent payment receipt.

• A bank statement showing the rent payment.

• Landlord confirmation.

• Property management confirmation.

This helps ensure the funds were used for the intended purpose: rent.

RentFund offers the option for funds to be sent to you directly because we understand that there are many different ways people pay their rent. Some renters may need that flexibility in order to pay rent the way they always have. We understand that, and that is why we offer this option.

Step 3: View available payment options

After entering your details, you can view available payment options.

This helps you see what repayment may look like before you move forward.

You should review:

• Payment amount.

• Payment schedule.

• Total cost.

• Provider terms.

• Approval requirements.

• Whether a soft credit check may be required.

Available payment options may vary based on the information provided and the third-party providers involved.

It is important to note that RentFund charges a service fee to provide the service. The fee is determined at the time you make your request and is based on your individual criteria.

Step 4: Choose the option that works best for you

Once you see your options, you can choose the one that works best for your situation.

The goal is to choose an option that helps you get rent paid while keeping the payments manageable.

Before choosing, ask yourself:

• Can I afford these payments?

• Do I understand the total cost?

• Will this help me get back on track?

• Will this make next month easier or harder?

• Do I understand when payments are due?

Do not choose an option unless you understand how it works.

Step 5: Get approved

Approval is required through third-party providers.

In some cases, a soft credit check may be required. A soft credit check does not usually affect your credit score.

Approval and available payment options are not guaranteed.

Step 6: RentFund sends the rent funds

Once approved and confirmed, RentFund sends the funds using the selected transfer method.

Funds are normally sent within 24 hours after approval, depending on whether the required information is correct and the transfer method selected.

If the funds are being sent to your landlord or property manager, make sure the transfer information is accurate.

If the funds are being sent to you, make sure you pay rent and provide proof if required.

Step 7: Make payments through your selected option

After the rent funds are sent, you make payments through the payment option you selected.

The goal is to make rent easier to manage by breaking it into smaller payments instead of needing one large payment all at once.

Does my landlord need to approve RentFund?

No. Landlord approval is not required.

This is one of the reasons RentFund can be helpful. Some landlords do not offer payment plans, and some renters do not want to explain their financial situation to their landlord.

RentFund gives renters another way to get rent paid without needing the landlord to approve a repayment plan. RentFund sends the funds in your name, similar to a normal bank transfer being sent for rent.

Is RentFund a loan?

RentFund is not a traditional lender.

RentFund provides a service that helps renters access available payment options and sends rent funds on behalf of the renter.

Payment options may be provided through third-party providers, so available terms, approvals, and requirements may vary.

Some people may think of RentFund like a loan, but we like to think of RentFund as an essential service that helps renters keep a roof over their heads. Rent is one of the most important payments people make, and RentFund is focused on helping renters handle that payment when life happens.

Real RentFund customer story

One customer recently wrote to RentFund and said:

Thank you so much. This is a really incredible company you’ve made. You really are helping us in need.

That is the reason RentFund exists.

Rent can be one of the most stressful payments a person has to make. When someone is short, they need a real option, not judgment.

Customer stories reflect individual experiences. Approval and available payment options are not guaranteed.

What makes RentFund different?

RentFund is designed specifically around rent.

That matters because rent is not like most other bills. If a smaller bill is late, it may be stressful. But if rent is late, your housing situation can be affected.

RentFund focuses on helping people pay rent when life happens.

Because let’s face it, life does happen. Even when it does, you should not automatically be at risk of losing your home.

RentFund was built to solve this specific problem, and we care about every person who has ever joined RentFund because we genuinely want to help. We care more about people than profits.

Final thoughts

RentFund helps renters get rent paid and access payment options over time.

If you are short on rent, you can enter your amount, view available options, and choose the payment option that works best for your situation.

Life happens. RentFund gives renters another option.

See your rent payment options in 60 seconds.

FAQ

What does RentFund do?

RentFund helps renters get rent paid by sending rent funds upfront and giving access to payment options over time.

How does RentFund work?

You enter your rent amount, select a transfer method, view available payment options, choose an option, and once approved, RentFund sends the rent funds.

How long does RentFund take?

Funds are normally sent within 24 hours after approval, depending on the transfer method and whether all required information is correct.

Does RentFund require landlord approval?

No. Landlord approval is not required.

Can RentFund send funds to me?

Yes, funds may be sent directly to you depending on the option selected. If funds are sent to you, proof of rent payment is required.

Can RentFund send funds to my landlord?

Yes, depending on the option selected, funds may be sent to your landlord or property manager.

Does RentFund require a credit check?

A soft credit check may be required depending on the third-party provider and payment option selected.

Is approval guaranteed?

No. Approval and available payment options may vary.