We believe security deposits are outdated, slow, and of no use to anyone.
With the developments in technology and increasing use of online and mobile services, deposits cause a paperwork nightmare for tenants, landlords and agents. Even more importantly, if you or your agent fail to register a deposit within the time limit, you could end up paying up to three times the deposit as compensation to the tenant.
A Reposit is a faster, more affordable way to provide your landlord and letting agent with peace of mind and cover. Instead of paying 4 -5 weeks' rent and registering it with one of the government schemes, we ask the tenant to pay the equivalent of one week's worth of rent as a non refundable fee which then allows their Landlord up to 8 weeks of insurance cover whilst also allowing the tenant to stay financially healthy!