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- Deposit-free renting | Zero Deposit scheme for tenants - Zero Deposit
- About sharing image copyrightGetty Images Concerns have been raised over "deposit-free" renting being mis-sold to tenants who do not understand the costs involved.
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Finding a deposit to rent a home can be a challenge for many tenants. NDO works by removing this requirement from any new tenancy, allowing tenants to rent a home with no deposit whatsoever, saving a typical individual hundreds of pounds in upfront costs.
Instead, the tenant pays a small monthly fee to take out NDO. From reduced financial strain to a smoother transition between tenancies, our tenants are thrilled with the numerous benefits the No Deposit Option has to offer. Higher tenant demand With corporate and social commitments to balance, deposit with option tenants require more flexibility than ever, when it comes to renting.
How are damages dealt with? The tenant is still liable for any damages that are experienced during their tenancy or any cleaning costs incurred upon check-out. Leaders will continue to carry out the inventory and check-out process and liaise with the tenant to resolve any dilapidation issues.
Want to learn more about how this unique scheme can benefit you or would you like to register your interest? Click here to speak to us about our No Deposit Option.
With this option the tenant can pay the monthly membership fee without the need to have the traditional deposit amount tied up for the duration of the tenancy. The tenant will still be liable for any damages at the end of the tenancy and there is a monthly fee to be a Residency member.
Freedom from deposits Deposit-free renting is a better way to move home and spend money on the things you love. Protected and fair Zero Deposit operates a no deposit rental scheme that is regulated by the FCA and our claims process is designed to give everyone peace of mind. Designed for you Getting started with a Zero Deposit Guarantee on your rental is quick and easy. You can even release a deposit within your current tenancy.