A Zero Deposit Guarantee allows our potential tenants to have to a different option to a traditional tenancy deposit, giving you the landlord, effectively the same cover and protection as having a tenancy deposit in the bank.
Offering a Zero Deposit Guarantee as an option on your property helps you stand out from the crowd and attract a wider audience of tenants, which can lead to faster renting and higher rents.
Zero Deposit does not mean Zero responsibility.
Bad tenants are not let off the hook. Less than 1% of tenancies end with a full dispute*, but when they do we’ve got your back. We pay approved claims directly to you and pursue the tenant for payment, with financial and credit record penalties if they fail to pay.
Zero Deposit reduces the upfront cost of renting for tenants, helping your property stand out from the crowd and attract a wider audience of tenants, which can lead to faster renting and higher rents.
A Zero Deposit Guarantee provides the same cover as a 6-week tenancy deposit and is underwritten by Great Lakes Insurance SE.
Tenants remain fully accountable for looking after your property and making rental payments, with us only making payment to you in the event of a fair claim at the end of the tenancy.
A Zero Deposit Guarantee is not a traditional deposit, so it doesn’t need to be registered with one of the deposit protection schemes, which can save landlords time and money.
What to do next
Let us know you want your properties to be available with Zero Deposit to help attract the widest possible tenant audience, we’ll handle the rest.
*source Tenancy Deposit Scheme April 2017