Fill your properties quickly and
securely by saving your tenants
money and time with our
No Deposit Option.
WHAT IS OUR NO DEPOSIT OPTION?
Stonehouse has partnered with Reposit to bring you a no deposit option when letting your property with us.
Through Reposit we are able to bring you an alternative to the traditional deposit saving your Tenants money and time which means your properties attract more potential Tenants.
WHAT DO I HAVE TO DO?
Tenants are interested in your property
Stonehouse will refer these Tenants to Reposit
Tenants pay a non-refundable fee of one week’s rent
You are covered by insurance for up to 8 week’s rent
HOW DOES IT WORK?
Reposit is not a deposit. Tenants referred through Reposit pay a service charge equal to one weeks worth of rent to allow them not to pay a deposit and for you, the Landlord to be added to the Reposit Insurance Policy.
Reposit covers the Landlord for up to eight week’s of damages or rent arrears if a tenant defaults on fair payment. Your Tenants are still liable for any damages or breaches of the tenancy agreement and pays for these at the end of the tenancy, just like with a deposit.
Reposit helps your property stand out in a crowded market and lets Tenants move in faster, rather than waiting to have a large lump sum available. This means your property won’t stay empty for long!
HOW WILL A TENANT KNOW THAT A PROPERTY IS ELIGIBLE?
When you’re looking for your ideal property keep an eye out for the sticker such as the one shown on this property.
This sticker shows the property is available with our No Deposit Option and the Landlord has agreed to let their property using the Reposit Service.