Landlords, secure your rental income with SPEEDHOME On-Time Rental (OTR) and Overstay Cash Defender (OCD) services.

Landlords, secure your rental income with SPEEDHOME On-Time Rental (OTR) and Overstay Cash Defender (OCD) services.

Ever had the experience of overdue rental payment and overstayed tenants?
SPEEDHOME washes away your rental income worries with our OTR and OCD services, ensuring you get your rental for up to the entire 12 month tenancy period, even if your tenant overstays and does not pay their rent!
How do OTR and OCD secure your rental income?
On-Time Rental (OTR)
With our On-Time Rental, regardless of whether your tenant pays you on the due date, you will receive the money on-time every time from us. Terms and conditions apply.
Overstay Cash Defender (OCD)
With our Overstay Cash Defender, we ensure that the landlord is able to receive their monthly rental even if the tenant stops paying the rent whilst still occupying the house.
Under the OTR and OCD services collectively, the subscriber is entitled to receive the monthly rental from SPEEDHOME for a maximum of the tenancy period duration only, which shall consist of:
(a) The first 2 months’ rental paid through the OTR; and
(b) An additional 9 months’ to be paid under the OCD, subject always to the OTR & OCD Terms of Use.
How does SPEEDHOME On-Time Rental (OTR) work for Landlords?
SPEEDHOME will transfer the monthly rental to the landlord no later than the monthly due date as per stated in the tenancy agreement regardless of the tenant has paid the rent.
If the tenant pays SPEEDHOME after the due date, the funds will not be transferred to the landlord as the landlord has already received payment via OTR.
SPEEDHOME will not perform OTR transfer to the landlord if the tenant has more than two overdue rental invoices. Overdue rental for more than 2 months will be covered under OCD.
SPEEDHOME Overstay Cash Defender (OCD) included 3 main features:
SPEEDHOME will pay the rent
SPEEDHOME will pay for the overdue rent even if the tenant does not pay and still occupy the unit.
SPEEDHOME will borne the legal cost
All the legal cost for the court order to evict the tenant will be borne by SPEEDHOME.
Allianz will cover for your lost
Any damages or stolen items done by the tenant will be reimbursed by the insurance protection to the landlord.
Who is eligible for OTR and OCD services?
Only landlords who subscribe Extended+ Insurance Premium are eligible for OTR and OCD services.
* On-Time Rental (OTR) & Overstay Cash Defender (OCD) are products of SPEEDHOME
* The Policy is applicable for any unit rental from RM500 to RM5,000 only
Frequently Asked Questions
1. Do OTR and OCD cover for tenants who run away? Am I still able to get the rental payment then?
No, OTR and OCD coverage is only for the tenant who has overdue rental and overstayed in the house. If the tenant chooses to move out or early terminates the agreement, SPEEDHOME will not pay for the rent of the tenant for the remaining months.
2. Do I need to submit anything to claim the OTR and OCD protection?
No. SPEEDHOME will pay the rent to the landlord and the landlord does not need to submit anything to SPEEDHOME. However, the landlord must allow SPEEDHOME to collect the rent on behalf of them.
3. What is the maximum overstay duration covered by OCD?
The maximum overstay duration covered is based on the tenure.
Example: For a one-year contract, if the tenant does not pay the rent on the third month after he moves in, SPEEDHOME will pay the rent starting from that month until the tenure ends.
4. Are there any special terms and conditions that I need to comply with ?
Yes. You need to follow the instructions provided by SPEEDHOME and fully comply with the vacant possession clause with SPEEDHOME.