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.
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.
How does it benefit your landlords?
👍 Attract more tenants by offering them the chance to save on upfront costs, filling their property faster and reducing void periods
👍 Get eight weeks rent as cover for their properties. More coverage than a cash deposit – landlords receive eight weeks’ worth of cover, which offers the same protection as a deposit
👍 The end of tenancy process is managed by Reposit – unlike some of other providers who leave this up to the landlord and tenant
Get in touch with our team on 0344 567 4001 to find out more.