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Lease Guaranty Program – Discover Brigham
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data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-14df6ccc" data-id="14df6ccc" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-239d8dd elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading" data-id="239d8dd" data-element_type="widget" data-widget_type="theme-post-title.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Lease Guaranty Program</h2> </div> </div> <div class="elementor-element elementor-element-521b7d22 elementor-share-buttons--skin-flat elementor-share-buttons--align-left elementor-share-buttons-mobile--align-center elementor-share-buttons-tablet--align-center elementor-share-buttons--view-icon-text elementor-share-buttons--shape-square 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</div> </div> <div class="elementor-grid-item"> <div class="elementor-share-btn elementor-share-btn_linkedin" role="button" tabindex="0" aria-label="Share on linkedin" > <span class="elementor-share-btn__icon"> <i class="fab fa-linkedin" aria-hidden="true"></i> </span> <div class="elementor-share-btn__text"> <span class="elementor-share-btn__title"> LinkedIn </span> </div> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-45332165 elementor-widget elementor-widget-theme-post-content" data-id="45332165" data-element_type="widget" data-widget_type="theme-post-content.default"> <div class="elementor-widget-container"> <div data-elementor-type="wp-post" data-elementor-id="32111" class="elementor elementor-32111" data-elementor-post-type="post"> <section class="elementor-section elementor-top-section elementor-element elementor-element-2b56018a elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="2b56018a" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-542ecf00" data-id="542ecf00" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-ef36756 elementor-widget elementor-widget-image" data-id="ef36756" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img fetchpriority="high" fetchpriority="high" decoding="async" width="300" height="200" src="https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-300x200.jpeg" class="attachment-medium size-medium wp-image-48489" alt="" srcset="https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-300x200.jpeg 300w, https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-1024x684.jpeg 1024w, https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-768x513.jpeg 768w, https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-1536x1025.jpeg 1536w, https://www.discoverbrigham.org/wp-content/uploads/2023/07/AdobeStock_196562360-2048x1367.jpeg 2048w" sizes="(max-width: 300px) 100vw, 300px" /> </div> </div> <div class="elementor-element elementor-element-399ae45b elementor-widget elementor-widget-text-editor" data-id="399ae45b" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p></p> <p>We are pleased to announce that we are offering a “Lease Guaranty Program” for Brigham and Women’s Hospital Research Fellows. </p> <p></p> <p></p> <p>Through the Lease Guaranty Program, BWH will guaranty payment to a landlord under specified circumstances. The Lease Guaranty program does not provide cash or money in any form. The benefit of this program is that instead of a trainee providing an advanced payment, a landlord will accept the Lease Guaranty document and its conditions. In return, a Research Fellow <strong>agrees to reimburse BWH </strong>for any payment BWH is required to make under the Guaranty.</p> <p></p> <p></p> <p>The Guaranty has been accepted in the past by these <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/list-of-landlords.pdf"><strong>properties listed</strong></a> in the Boston area. We are optimistic that the terms of this Guaranty will be acceptable to many other landlords as well.</p> <p></p> <p></p> <p>Eligible Research Fellows may offer the Guaranty to<strong> any landlord they wish</strong>. If a landlord accepts the terms, a landlord is eligible to participate.</p> <p></p> <p></p> <p><em>DISCLAIMER: The list of landlords simply represents organizations that have participated in the Lease Guaranty program. Any reference obtained from this list about a specific product or service does not constitute or imply an endorsement by BWH.</em></p> <p></p> <p></p> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-cbcf560 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="cbcf560" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bac1ed5" data-id="bac1ed5" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-2504f96 elementor-widget elementor-widget-toggle" data-id="2504f96" data-element_type="widget" data-widget_type="toggle.default"> <div class="elementor-widget-container"> <div class="elementor-toggle"> <div class="elementor-toggle-item"> <div id="elementor-tab-title-3881" class="elementor-tab-title" data-tab="1" role="button" aria-controls="elementor-tab-content-3881" aria-expanded="false"> <span class="elementor-toggle-icon elementor-toggle-icon-left" aria-hidden="true"> <span class="elementor-toggle-icon-closed"><i class="fas fa-caret-right"></i></span> <span class="elementor-toggle-icon-opened"><i class="elementor-toggle-icon-opened fas fa-caret-up"></i></span> </span> <a class="elementor-toggle-title" tabindex="0">Eligibility</a> </div> <div id="elementor-tab-content-3881" class="elementor-tab-content elementor-clearfix" data-tab="1" role="region" aria-labelledby="elementor-tab-title-3881"><p>Research Fellows in all Brigham and Women’s Hospital research programs are eligible for this program. The Research Fellow must be appointed by the hospital as a “Research Fellow.”</p> <p>The term of the <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/lease-guaranty-program.pdf">Lease Guaranty</a> is for one year with annual renewal rights. The Lease Guaranty document needs to be re-executed every year that a Research Fellow wishes to participate in the program. If the Lease Guaranty document is not renewed with BWH and a Landlord annually, the Guaranty no longer is valid.</p> <p>The <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/lease-guaranty-program.pdf">Lease Guaranty</a> document becomes null and void if a Research Fellow is no longer appointed at Brigham and Women’s.</p> <p> </p></div> </div> <div class="elementor-toggle-item"> <div id="elementor-tab-title-3882" class="elementor-tab-title" data-tab="2" role="button" aria-controls="elementor-tab-content-3882" aria-expanded="false"> <span class="elementor-toggle-icon elementor-toggle-icon-left" aria-hidden="true"> <span class="elementor-toggle-icon-closed"><i class="fas fa-caret-right"></i></span> <span class="elementor-toggle-icon-opened"><i class="elementor-toggle-icon-opened fas fa-caret-up"></i></span> </span> <a class="elementor-toggle-title" tabindex="0">Process and Forms</a> </div> <div id="elementor-tab-content-3882" class="elementor-tab-content elementor-clearfix" data-tab="2" role="region" aria-labelledby="elementor-tab-title-3882"><h6 class="wp-block-heading"><strong>Process:</strong></h6> <ol> <li style="list-style-type: none;"> <ol> <li>The Research Fellow (an Applicant) ensures they are eligible for the program.</li> <li>The Research Fellow obtains information and required forms from their Program Director, the BWH Office for Research Careers Website, the Professional Staff Benefits Office or the Landlord.</li> <li>A Landlord ensures that the dates on the lease are within a year and the address matches on all the forms. A Landlord signs the Guaranty.</li> <li>An applicant or a landlord submits all the required signed and dated documents (4 total) <strong>in a single email</strong> to the <a href="mailto:BWHProfStaffBene@partners.org">BWHProfStaffBene@partners.org</a> inbox.</li> <li>After all of the information identified above is provided and is verified by the Professional Staff Benefits Office, the submitted Guaranty will be signed and forwarded to the landlord via email.</li> </ol> </li> </ol> <h6><strong>Required Forms:</strong></h6> <ul> <li style="list-style-type: none;"> <ul> <li>Your issued Program Offer Letter</li> </ul> </li> </ul> <ul> <li style="list-style-type: none;"> <ul> <li>A completed and signed <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/indemnity-authorization.pdf">Indemnity Authorization Form</a></li> </ul> </li> </ul> <ul> <li style="list-style-type: none;"> <ul> <li>A signed copy of <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/lease-guaranty-procedure.pdf">Partners Lease Guaranty Procedure</a> accepting the terms and conditions of the program.</li> </ul> </li> </ul> <ul> <li style="list-style-type: none;"> <ul> <li>A completed <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/lease-guaranty-program.pdf">Guaranty form</a> with the landlord’s signature, name, address, e-mail and telephone number.</li> </ul> </li> </ul></div> </div> <div class="elementor-toggle-item"> <div id="elementor-tab-title-3883" class="elementor-tab-title" data-tab="3" role="button" aria-controls="elementor-tab-content-3883" aria-expanded="false"> <span class="elementor-toggle-icon elementor-toggle-icon-left" aria-hidden="true"> <span class="elementor-toggle-icon-closed"><i class="fas fa-caret-right"></i></span> <span class="elementor-toggle-icon-opened"><i class="elementor-toggle-icon-opened fas fa-caret-up"></i></span> </span> <a class="elementor-toggle-title" tabindex="0">Terms and Conditions</a> </div> <div id="elementor-tab-content-3883" class="elementor-tab-content elementor-clearfix" data-tab="3" role="region" aria-labelledby="elementor-tab-title-3883"><p>These conditions are also laid out in the <a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/lease-guaranty-procedure.pdf">Lease Guaranty Procedure.</a></p> <ul> <li style="list-style-type: none;"> <ul> <li>The Guaranty is capped at $7,000. Higher levels may be approved on a case-by-case basis.</li> <li>BWH Professional Staff Benefits Office cannot enter into negotiations with individual landlords. The Guaranty must be acceptable “as is” to the landlord. Still, applicants are asked to notify the Professional Staff Benefits Office with objections they may encounter from landlords. These objections can then be considered when the program is re-assessed and possibly revised in the future, though they cannot be resolved in individual cases.</li> <li>BWH is making a guaranty to cover certain potential costs that the Tenant would otherwise be obligated to pay. The guaranty does not relieve the Tenant from any lease obligation. The Tenant will reimburse BWH for any payments made by BWH to the Landlord on the Tenant’s behalf.</li> <li>Tenant/Landlord issues are to be resolved by the Research Fellow and the Landlord. BWH will not become involved in negotiations with the Tenant and the Landlord. In general, payments to a Landlord will be made on demand (without any evaluation as to the validity of the claim) since the guaranty serves in lieu of funds that would otherwise be held by the Landlord. <br /><strong>Payments made by BWH under the guaranty will be deducted from the Research Fellow’s paycheck</strong>.</li> <li>The term of the Lease Guaranty is for one year with annual renewal rights. The Lease Guaranty document needs to be re-executed every year that the Research Fellow wishes to participate in the program. If the Lease Guaranty document is not renewed with BWH and the Landlord annually, the Guaranty no longer is valid.</li> <li>The Lease Guaranty document becomes null and void if a Research Fellow is no longer appointed at Brigham and Women’s Hospital and/or no longer has the “Research Fellow” title.</li> <li>If dates and/or cost of rent were changed since the Lease Guaranty documents had been signed, a landlord must notify the BWH Professional Staff Benefits Office via email: <a href="mailto:BWHProfStaffBene@partners.org">BWHProfStaffBene@partners.org</a>.</li> </ul> </li> </ul></div> </div> <div class="elementor-toggle-item"> <div id="elementor-tab-title-3884" class="elementor-tab-title" data-tab="4" role="button" aria-controls="elementor-tab-content-3884" aria-expanded="false"> <span class="elementor-toggle-icon elementor-toggle-icon-left" aria-hidden="true"> <span class="elementor-toggle-icon-closed"><i class="fas fa-caret-right"></i></span> <span class="elementor-toggle-icon-opened"><i class="elementor-toggle-icon-opened fas fa-caret-up"></i></span> </span> <a class="elementor-toggle-title" tabindex="0">Participating Landlords</a> </div> <div id="elementor-tab-content-3884" class="elementor-tab-content elementor-clearfix" data-tab="4" role="region" aria-labelledby="elementor-tab-title-3884"><p><a href="https://www.massgeneralbrigham.org/content/dam/mgb-global/en/medical-education-and-training/graduate-medical-education/documents/list-of-landlords.pdf">List of landlords</a> who currently participate in the Lease Guaranty Program. This list is neither exhaustive nor restrictive; <strong>any landlord who agrees to the terms and conditions may participate in the program</strong>. </p> <p><em>DISCLAIMER: The list of landlords simply represents organizations that have participated in the Lease Guaranty Program. Any reference obtained from this list about a specific product or service does not constitute or imply an endorsement by BWH.</em></p></div> </div> <div class="elementor-toggle-item"> <div id="elementor-tab-title-3885" class="elementor-tab-title" data-tab="5" role="button" aria-controls="elementor-tab-content-3885" aria-expanded="false"> <span class="elementor-toggle-icon elementor-toggle-icon-left" aria-hidden="true"> <span class="elementor-toggle-icon-closed"><i class="fas fa-caret-right"></i></span> <span class="elementor-toggle-icon-opened"><i class="elementor-toggle-icon-opened fas fa-caret-up"></i></span> </span> <a class="elementor-toggle-title" tabindex="0">Frequently Asked Questions</a> </div> <div id="elementor-tab-content-3885" class="elementor-tab-content elementor-clearfix" data-tab="5" role="region" aria-labelledby="elementor-tab-title-3885"><h6><strong>Questions:</strong></h6> <p><strong>I am a non-employee Research Fellow at BWH. Am I eligible?</strong></p> <p>Yes.</p> <p><strong>I am a non-employee Research Fellow at a different MGB affiliate. Am I eligible?</strong></p> <p>No. Contact your institution to see if they participate in a lease guaranty program.</p> <p><strong>I am a Clinical Research Fellow at Brigham and Women’s Hospital</strong>, <strong>Massachusetts General Hospital</strong>, <strong>McLean Hospital</strong>, <strong>Massachusetts Eye and Ear, Spaulding Rehabilitation Hospital, Newton-Wellesley Hospital, North Shore Medical Center. </strong><strong>Am I eligible?</strong></p> <p>Yes, the GME has their<a href="https://www.massgeneralbrigham.org/en/education-and-training/graduate-medical-education/resources/hr#accordion-e8840e1a76-item-c3dbdaeab1"> own program</a> for the Lease Guaranty. </p> <p><strong>I am a full-time Research Fellow at MGH, McLean, MEE, Spaulding, Newton-Wellesley Hospital, North Shore Medical Center and/or other affiliates. </strong><strong>Am I eligible?</strong></p> <p>No. Contact your institution to see if they participate in a lease guaranty program.</p> <p><strong>I am a full-time/part-time Research Fellow at Brigham and Women’s. Am I eligible?</strong></p> <p>Yes.</p> <h6><strong>Reminders:</strong></h6> <p><strong>Premises Field:</strong></p> <p>The “Premises” field on all documents must include the full address including its zip code and city/town.</p> <p><strong>Brokers’ Fees:</strong></p> <p>The Lease Guaranty Program does not cover brokers’ fees. In some instances (for example, off-season) the brokers’ fees or a part of them may be covered by your landlord. There is no requirement that your landlord will chose to offer to share the cost. Please make sure you negotiate or inquire about the brokers’ fees prior to choosing an apartment. The list of participating landlords was developed for the participants to avoid additional fees beyond the brokers’ fees.</p> <p><strong>Sharing the Lease:</strong></p> <p>If two or more tenants are eligible for the program, the program requires only one name of a responsible Resident/Fellow on the document. The Lease Guaranty cap is calculated per apartment; therefore, the cap will be $7,000 even if two eligible participants share the apartment.</p> <p><strong>Dates on the Lease:</strong></p> <p>Please note, the Lease Guaranty is only valid for 1 year with the limited liability of $7,000.</p> <p>Each lease must have its start date and the end date within a year.</p> <p>For example,</p> <ul> <li style="list-style-type: none;"> <ul> <li>The lease starts on 03/19/2023 and ends on 03/18/2024; or</li> </ul> </li> </ul> <ul> <li style="list-style-type: none;"> <ul> <li>The lease starts on 03/19/2023 and will end any time before 03/18/2024.</li> </ul> </li> </ul> <p>Kindly input the date in the following sentence in the required paperwork:<em> “EXECUTED as a sealed instrument by the parties hereto as their duly authorized acts by their duly authorized representatives as of this ______this day of ________, 20xx.</em></p> <p>You must resubmit paperwork for each lease even if it is a renewal, i.e. completed Indemnity, Guaranty and Procedure forms.</p> <p><strong>Corrections and Changes:</strong></p> <p>A landlord must notify all the parties of any changes including the lease start and end dates and the monthly rent. Date and initial the change. The modified documents must be emailed to the <a href="mailto:BWHProfStaffBene@partners.org">BWHProfStaffBene@partners.org</a> inbox.</p> <p><strong>Clarification on Cash:</strong></p> <p>The Lease Guaranty program does not provide cash or money in any form. The benefit of this program is that a landlord collects no advance payment from a trainee of any kind and accepts the Lease Guaranty document and its conditions instead.</p> <p>All disputes are resolved through the BWH Lease office which guarantees payment to the landlord. As a rule, the landlord has his own contract/lease with an applicant in addition to the Lease Guaranty program.</p></div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <div class="plus-conditions--hidden elementor-element elementor-element-fcd5e1e elementor-widget elementor-widget-menu-anchor" data-id="fcd5e1e" data-element_type="widget" data-settings="{"tp_display_rules_enable":"yes","tp_display_rules_output":"yes"}" data-widget_type="menu-anchor.default"> <div class="elementor-widget-container"> <div class="elementor-menu-anchor" id="pdf"></div> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-29d4907" data-id="29d4907" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-5654121 elementor-widget elementor-widget-heading" 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