Shocking eviction statistics revealed.
The law should protect…
Reposit is an alternative to the traditional tenancy deposit. With a traditional deposit, the tenant normally pays five weeks’ rent, which the landlord or letting agent is legally obliged to register with a deposit scheme (see The Housing Act 2004).
Reposit provides tenants with a more affordable option than the traditional deposit scheme and at no cost to your landlords.
The tenant simply pays a non-refundable service charge, equal to just one week’s rent.
Step 1: Tenant finds their new rental property
Step 2: Agent refers the tenant to Reposit via our platform
Step 3: Tenant pays a non-refundable fee of one week’s rent
Step 4: Landlord is covered by insurance for up to 8 weeks’ rent
How do your landlords benefit?
Like a traditional deposit, tenants will remain liable for any unreasonable damage or rent arrears at the end of tenancy.
All parties have to agree on this method before it can be taken, and the agent must go through a brief training session.