We understand that your landlords may feel secure if you hold the deposit or put it into a scheme which is why we have outlined the key Benefits of Reposit for Landlords:
1) Attract more tenants by offering them the chance to save
By offering tenants the chance to pay less, you’ll attract more tenants who may want to reduce the high upfront costs of moving. Plus, you’re more likely to have a happy tenant if they can save!
2) All the assurances you need
We provide up to eight weeks’ rent as cover for your properties. Your tenant is still liable for any damages or breaches of the tenancy agreement and pays for these at the end of the tenancy, just like with a deposit.
3) Fill your property quickly and lower your void periods
Reposit helps your property stand out in a crowded market and lets tenants move in faster, rather than waiting to have a large lump sum available. This means your property won’t stay empty for long!
Our partner agents report that offering tenants Reposit reduces void periods by an average of 18 days.
4) More coverage than a cash deposit
The average cash deposit is six weeks’ rent, which could be capped further by the UK government. With Reposit, landlords receive eight weeks’ worth of guaranteed cover, which offers the same protection as a deposit. Not only do landlords get more security, but their tenants are more financially secure after moving in.
To help you introduce Reposit, we provide landlord specific information including our End of Tenancy leaflet. Please get in touch with the Customer Success Team on firstname.lastname@example.org for further support.