Vendor offering rental guarantee

Question about a Vendor offering a 2 years rental guarantee.

All other fundamentals of the deal stack up, however, I?ve never seen this before except on OTP properties. This property isn?t OTP, it was purchased (I assume via an option) by a developer/real-estate agent & is just about to undergo 12 weeks of cosmetic Reno?s (to common areas and some units in the block)

Is there a way to enforce the rental guarantee? If the Vendor essentially owns zero assets, It could potentially just wind up and leave everyone with no rental guarantee? How can I do a thorough DD on a vendor offering rental guarantee?
 
Assess the deal as though it had no rental guarantee, and if it still stacks up, don't worry too much about it.

You should be aiming to buy in an area where you'd never be likely to claim on the rental guarantee, anyway.
 
Seems like a marketing tactic to make you feel secure in buying the property.
If it is really needed then the area is probably not the best to invest in.
 
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