Zero deposit renting
A Zero Deposit Guarantee is an alternative to a traditional tenancy deposit. It provides the same level of financial protection and security to landlords, whilst reducing the upfront costs to tenants. With Zero Deposit, tenants will still complete their referencing checks as per the usual process and will remain wholly responsible for any financial loss or damage covered by their Assured Shorthold Tenancy agreement.
If a landlord offers the choice of a Zero Deposit, tenants can choose between Zero Deposit and the traditional cash deposit. Zero Deposit still offers cover up to the value of six weeks' rent whereas under the Tenant Fee Act 2019 most tenant deposits will be restricted to the value of five weeks' rent only.
Why choose Zero Deposit?
For further information on Zero Deposit, read the full guides below or alternatively, contact your local branch to discuss.
Here to help
Get in touch with one of the team to find out more about the zero deposit scheme.