What are the benefits of a deposit replacement scheme versus a traditional cash deposit scheme?
Zero Deposit
Last Update a month 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 receive enhanced landlord protection compared to a traditional cash deposit, 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).