Zero Deposit Rent has been designed for landlords who are looking to rent out their vacant properties - and has the unique benefit of coming at no cost to the landlord.
Under this cover, the tenant does not pay a deposit - and landlords and agents can therefore market the property as ‘No Deposit Required’, which is a very unique selling feature.
The cover also provides a slow payment solution so should a tenant pay late every month of their lease, Zero Deposit Rent will pay out within 48 hours - so that the landlord does not experience a cash-flow problem.
As an added benefit, Zero Deposit Rent completes a thorough credit check on all tenants who apply to lease your property. This helps to ensure that only quality tenants are placed - increasing the value of your property or portfolio.
Zero Deposit Rent delivers benefits to landlords - including proper qualifying credit and character checks, procedural property inspections and a unique slow payment service - paying the rent on behalf of the slow-paying tenant as soon as a claim is submitted. This is easily done through the online portal.
Claims can be made within 30 days of the tenant not paying rent - and are paid out to the respective landlord within 48 hours of lodging the claim.
This also supports a usually great tenant, by giving them a much-needed opportunity to steady their finances - and avoid the proverbial downward spiral into default.
Theres no doubt that Zero Deposit Rent is a very appealing option for the prospective tenant, no matter what their income level. As this kind of innovation takes mainstream hold, it is going to be impossible for landlords to compete for the cream of the tenant crop - while offering traditional leases that are heavily laden with costly deposits.
There is also no need, as the security offered by a traditional deposit is truly limited and one-dimensional. Tenants are already turning their attention to zero deposit leases - its now up to landlords to explore more innovative, multi-dimensional letting solutions that offer them enhanced security while keeping the rental option affordable and attractive for their tenants.
- Click Here
to Download the Landlord Registration Form
- Click Here
to list your Property To Let