How does it work?

Reposit is not a deposit. Tenants who choose to use Reposit pay to Reposit a non-refundable service charge equal to one week’s rent to allow them not to pay a traditional deposit. This will allow you, the Landlord, to be added to Reposit’s Insurance Policy.

Reposit covers the Landlord for up to eight weeks’ worth 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 will pay for these at the end of the tenancy, just like with a traditional deposit.

What do I have to do?

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.

Tenants are interested in your
property. Stonehouse will offer them
the option of a traditional deposit
or Reposit.

If the Tenants choose Reposit,
Stonehouse will pass their details
to Reposit and Reposit will take
care of the rest.

Tenants pay a non-refundable fee
of one week’s rent to Reposit.

You are covered by Reposit’s
insurance for up to 8 weeks’ rent.

How will a tenant know that a property is eligible?

When a Tenant is looking for their ideal property they’ll be able to see the Reposit sticker on your property images such as the one shown on this property.

This sticker shows that your property is available with the No Deposit Option and you have agreed to let your property using the Reposit Service.

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