You do not need the tenant(s) to sign a new tenancy agreement or go through referencing again.
Our only requirements are:
1) A detailed interim inspection report must be conducted. This will be used as the basis for any claim under the Switchover policy (in place of what would normally be the check-in inventory).
However, we are still entitled to review the original check-in inventory if requested, so please keep a copy of this.
If damages are found during the interim inspection, the cost for repair or replacement must be taken from the tenant’s existing deposit. Reposit will not cover for any damage caused prior to the Reposit commencement.
2) A signed Reposit addendum to the tenancy agreement or AST. An example can be found attached below.
As mentioned you don’t need to issue a new tenancy agreement, but the landlord and tenants must sign our addendum to the AST to show that they are using Reposit and not a cash deposit.
For a tenancy to be eligible for a Switchover, there must be no changes to the original tenancy agreement. For example, with a change in tenants named on the agreement, you will be required to create a new Reposit and will not be able to use a Switchover. The standard Reposit criteria would apply.
If there is a rental increase, you will be required to carry out new affordability checks, however, you can still continue with a Switchover.
On your Reposit dashboard, select "Existing tenancy":