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We are pleased to announce that we have partnered with Reposit to provide a market-leading deposit alternative for your tenants.
Reposit is an alternative to cash deposits that gives you more protection with less hassle.
60% more cover than a cash deposit
Cash deposits are capped at 5 weeks’ rent. Reposit gives you 8 weeks’ worth of cover, 60% more protection.
Rent faster, reduce voids
Properties advertised with a ‘deposit free option’ will typically let quicker.
FCA Authorised
Reposit is FCA authorised and underwritten by a leading insurer. That’s why they are trusted by the best in the business.
How does Reposit work? Watch the video now
1. You offer Reposit as a cash deposit alternative
By offering Reposit, at no cost to you, your tenants can move with less upfront costs, and give you the increased protection of 8 weeks’ cover.
2. Tenant chooses Reposit
Once your new tenant has opted for Reposit. You or your agent will create the Reposit on our platform.
3. Tenant pays the Reposit fee, protecting you for 8 weeks’ rent
The tenant will be sent a link to sign up and pay their Reposit fee. Once your tenant has paid, the Reposit is activated and you will be protected for 8 weeks’ worth of rent.
4. Get paid at the end of tenancy
If the tenancy ends with charges due for cleaning, damages or rent arrears, you or your agent will simply register these charges with Reposit along with the tenancy documents and supporting evidence. We will notify the tenant, collect the funds and pay them to you.
In case the tenant defaults, your Reposit cover will make sure you are paid for up to 8 weeks’ rent.