Reposit For Tenants
Don’t Pay A Deposit, Save Money with REPOSIT
A Reposit is not a deposit. By purchasing a Reposit, you are paying a service charge equal to 1 week’s worth of rent to allow you not to pay a deposit and for your landlord to be added to the Reposit Insurance Policy.
A portion of your fee will be used by Reposit as a premium to add the Landlord to Reposits insurance policy.
The Reposit service charge is non-refundable and cannot be offset at the end of the tenancy.
You are not a beneficiary of the policy, and as such have no rights to claim or cancel the policy.
As a tenant, it is always your choice whether you rent a property by using Reposit or a traditional deposit to be protected in a deposit scheme.
When you rent with Reposit, you save 5 weeks’ of rent up front. In addition if and when you come to vacate the property, you do not have to wait to get your previous deposit back before renting your next property. As a bonus, Reposit will lower your service charge when you next rent if you have proved to be a responsible tenant.
For more details, please click on the link below to see the Tenant Reposit Brochure.