Zero Deposit Scheme
TENANTS
Zero Deposit is a Guarantee for your landlord, which frees up your cash as you don't have to pay a costly security deposit. The Guarantee costs you the equivalent of one week's rent when moving in. If you're responsible for any loss or damage, you'll need to pay for it. We use TDS to expertly evaluate any disputes, so you're in safe hands.
LESS UPFRONT
Free up cash by paying a fee, equivalent to one week's rent.
MORE CHOICE
Zero Deposit gives tenants an alternative to the traditional deposit.
GREATER FREEDOM
Avoid having to fund a second deposit when moving from one rental property to another.
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LANDLORDS
Zero Deposit makes renting more affordable for tenants by providing an alternative to the traditional security deposit. This can help speed up the renting process and reduce void periods. Tenants buy a Zero Deposit Guarantee for your property, which provides protection equivalent to a six week deposit. Your tenants remain fully accountable for looking after your property and paying rent.
SPEEDS UP THE RENTAL PROCESS
Zero Deposit helps tenants reduce the upfront cost of renting.
PROVIDES SECURITY & PROTECTION
A Zero Deposit Guarantee provides the same cover as a six week tenancy deposit and is underwritten by Great Lakes Insurance SE.
HELPS TO ATTRACT A WIDER AUDIENCE
By giving you the potential to attract a wider audience of tenants, you can increase demand and reduce the time taken to rent.
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Further information for tenants and landlords is available through the website ZERO DEPOSIT or contact the Lettings Team.
For an explanation from our Lettings Partner, Phil Cooper please watch the video:
