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Updated over a week ago

Upon the tenant(s) completing their Reposit account and paying the service fee, the landlord of the property (as stated on the Reposit) is added as a named beneficiary on the policy covering the tenancy.

Tenants have a cooling off period of 14 days during which they can cancel the Reposit.

If we receive a cancellation request from the tenant during this period, we will inform you (the landlord) that the Reposit will be cancelled and that you should discuss next steps with the tenant regarding the tenancy. This is to ensure you are not left without protection.

As a beneficiary, you are given the protection of claiming for the below items up to the value of 8 weeks' worth of rent if your tenant causes unreasonable damage or has outstanding rent at the end of the tenancy:

  • Cleaning

  • Damages

  • Rent arrears: for this to be valid, the rent must be outstanding by the date that the charges are submitted

  • Re-let fees for tenancies that began on or after August 1, 2021. For this to be valid, the fees must be compliant with the Tenancy Fees Act 2019.

Our policies are underwritten by Novus Underwriting Limited. Reposit is also FCA authorised and FSCS protected.

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