LANDLORDS: How to get the equivalent of an 8-week deposit instead of the legal 5-week limit?! 🏠
In today’s rental market, landlords are feeling ‘attacked’ from all directions—whether it’s increased legislation, rising mortgage rates, or tax adjustments. But here’s some news that might bring a smile to your face! 😊✨
Question - How can we get our landlords increased protection… even during a tenancy?!
Answer - Reposit's Zero Deposit Option 🔐
How it works 🔎
Tenants pay a non-refundable membership fee to Reposit, which acts as insurance rather than a traditional deposit. This allows landlords to enjoy higher cover (equivalent to 8 weeks rent instead of 5) without being bogged down in tenant deposit disputes or lengthy return processes. 🚀
Why Landlords Should Consider Reposit Deposit Switch for Enhanced Protection
1️⃣ Enhanced Financial Security
Reposit offers landlords cover equivalent to 8 weeks of rent arrears. This extra 3 weeks of protection can be crucial in mitigating financial losses from rent arrears or property damage. 💪💵
2️⃣ Injection of Cash to Tenants Mid-Tenancy
This feature helps prevent rent arrears before they occur, enabling tenants to cover unexpected costs like job loss, medical expenses, or other unforeseen circumstances. 💡🏥 Helping tenants stay on track means landlords are less likely to face missed payments. Win-win! 🤝✨
3️⃣ Simplified & Reduced Claims Process
Reposit’s system is super user-friendly! If a tenant disputes a claim, they must do so within 7 days and pay an admin fee. This prevents frivolous disputes that delay landlords from receiving what they’re entitled to. ⏳🛠️ Bonus: If the tenant loses their claim, they lose their money too—ensuring accountability. ✅💼
❓ Have Questions? Ready to Deposit Switch?
If you’re curious or eager to get started, reach out to us now and let’s make it happen! 📞✉️
Gemma 🌟
📞 01474 321957
📧 Gemma@mandmprop.co.uk