What are the benefits of a deposit replacement scheme versus a traditional cash deposit scheme?
Zero Deposit
Last Update 3 years ago
The benefits of a deposit replacement scheme versus a traditional cash deposit scheme are:
- Tenants can move in faster, without having to save for a big tenancy deposit.
- Landlords are covered for up to six weeks’ rent, and can recoup losses faster (in as little as two working days of bank details being provided after the dispute is settled in their favour).