Tenant deposit schemes that suit you
To meet the needs of an evolving rental market, we’ve partnered with various tenancy deposit schemes – so you can find a solution that works best for you.
HOW IT WORKS
The traditional tenancy deposit scheme
We work with Deposit Protection Service (DPS), a government approved deposit protection scheme. With DPS, we ask your residents to pay a deposit that is 5 weeks worth of rent and place it in protection within 30 days of receiving it. At the end of the tenancy, we handle any potential deductions with the residents. If there is no resolution, the case is sent to government-backed independent adjudicators, who normally resolve the dispute up to 28 days after receiving evidence.
NO-DEPOSIT OPTIONS
‘No deposit’ scheme for fast and easy renting
The rental market is evolving fast and long resolution processes don’t necessarily cut it anymore – for residents or landlords. We work with Flatfair to offer a flexible solution that can meet resident needs while giving you double the protection you’d receive from a traditional deposit scheme.
NO DEPOSIT OPTIONS
Giving your portfolio a competitive edge
Properties with ‘no deposit’ options benefit from 25% higher click-throughs than traditional deposit offerings online. This is likely due to a shift in the rental market – short lets are becoming longer, long lets are becoming shorter and last-minute moves are increasingly popular. Residents want their move to be fast and flexible without having to lock away large sums of money for a deposit.