---
title: Are all owners eligible for rent advances?
description: To qualify for a rent advance, the following conditions must be met:
---

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# Are all owners eligible for rent advances?

To qualify for a rent advance, the following conditions must be met:

- **You must have a current resident in place who has taken possession of the home and paid their move in charges.**
- **Your resident must be eligible for Guaranteed Rent.**  If your resident is not eligible for Guaranteed Rent, you are ineligible for Rent Advances since the rent is no longer formally guaranteed. To check your eligibility, please review your [Order Form in your Owner’s Portal](https://nomadlease.com/portal/documents?hsLang=en).
- **Your resident must be up to date on rental payments.** If the resident is delinquent or in the process of eviction, you are not eligible for a Rent Advance.
- **The rent advance cannot exceed your resident’s current lease end date.** For example, if today is August 10 and your resident’s lease ends on October 31, you are only eligible to request a 2 month Rent Advance for September and October rent. A 3+ advance would not be allowed in this case.
- **You can have up to 11 months of rent advance outstanding at any given time.** For example, if you previously requested a rent advance for January through November (11 months), and it’s now April, you can request an additional 4 month rent advance through next March to remain at 11 months of outstanding rent.

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