Deposit Replacement
Redefine leasing and improve the renter experience with Zero Deposit™.
Eliminate Deposits for Good™
Traditional deposits fail to protect property owners and operators from financial loss and do little to effectively mitigate risk, often resulting in bad debt. Zero Deposit, our AI-powered lease insurance solution, permanently replaces deposits and simplifies the rental experience for every renter. With multiple coverage options ranging from basic rent protection to full coverage that includes damages and fees, this essential tool drives faster leasing decisions, boosts NOI, protects your profits, and enhances renter satisfaction.
Zero Deposit™ Provides Optimal Protection
Zero Deposit™ is preferred by most renters, ensuring full protection to offset NOI loss, with coverage levels well beyond what traditional deposits and surety bonds can offer.
Surety bonds are not good enough. They target a subset of renters with affordability challenges who believe they are paying for a deposit replacement, but when a claim is filed, they collect the full amount from the renter, regardless of what was paid during the lease term. Deposit and surety bond related complaints cause considerable reputation damage as well as legal and regulatory risk for properties and their owners. Properties are still plagued by deposits and the inevitable bad debt.
“LeaseLock reduces the liability that comes along with holding security deposits … and eliminates the paperwork and stress of managing deposits. It provides an operational efficiency boost that has a direct impact on our bottom line.”
– Kurt Blanton, VP of Accounting
Zero Deposit™ Is Your Security and Pet Deposit Replacement Solution
Prevents Net Operating Income (NOI) loss by properly offsetting the risk of bad debt and excessive damage.
Makes housing more accessible by eliminating the burden of a full deposit amount.
Accelerates the leasing process by reducing the financial barriers for renters, which in turn reduces vacancy loss.
Improves asset value through comprehensive coverage that safeguards against financial losses due to property damage or rent default.
Enhances resident satisfaction by simplifying move-in and move-out processes.
Reduces administrative burden allowing you to establish a more efficient property management strategy.
