What is No Deposit Renting?
Linley & Simpson has partnered with Reposit to bring you a no deposit option when renting your next home.
Through Reposit, we are able to bring you an alternative to the traditional deposit which means you save time, save money and pay less when you move to your next home through Linley & Simpson.
How Does It Work?
Reposit is not a deposit. By purchasing a Reposit, you are paying a service charge equal to one weeks worth of rent to allow you not to pay a deposit and for your Landlord to be added to the Reposit Insurance Policy.
At end of tenancy, your Landlord may claim on the Reposit. It is your right to either agree or dispute their claim and Reposit will act as an impartial mediation platform.
If you decide to dispute a claim, an independent arbiter will assess and award monies based on factual evidence presented both from the Landlord and Tenant.
Tenants are reminded that if they dispute a claim, a £60.00 upfront fee will apply. However, this is immediately refunded should the adjudicator find the claim to be partly or wholly in the tenant’s favour.
What do I have to do?
Step One
Find your ideal rental property
Step Two
L&S will refer you to Reposit
Step Three
You pay one week’s rent as a fee to Reposit
Step Four
If there are any damages you pay for them at the end of the tenancy
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.
