Zero deposits for Landlords

If you are a landlord you can opt in for the Zero Deposit Guarantee which will mean you are better protected, can attract tenants faster and get faster payouts at the end of the tenancy. 

The scheme makes renting better for everyone involved as the landlord will still receive the same cover and protection equal to six week deposit, even after the deposit cap and the tenant will only have to pay one weeks rent which reduces the upfront cost of renting meaning the the scheme can speed up the process and reduce void periods. 

How does the scheme work? 

Pre-tenancy

1. If you choose to opt in for the Zero Deposit Guarantee scheme we will add this to your property listing information to make it clear and attract tenants to your property.

2. When we have found a tenant and they decide to opt in for the scheme they will pay the equivalent of one weeks rent as their deposit. You will still have the same protection as a traditional security deposit.

End of tenancy

3. If you are happy with the state of the property at the end of the tenancy no further action is required. If you are unhappy and wish to claim money from the tenant due to damages for example the tenant will be given the option to pay this directly to you. 

4. If the tenant doesn't agree with the figure evidence will need to be sent from the tenant and the landlord to the TDS to review and handle. If we are managing your property we will take care of all of this for you. 

Find out more

 

Zero Deposit is a trading name of Global Property Ventures Limited (10328435), which is registered at Business and Technology Centre, Bessemer Drive, Stevenage, SG1 2DX. Global Property Ventures is an insurance intermediary and is authorised and regulated by the Financial Conduct Authority. You can find details of this at register.fca.org.uk, by searching for the company name or reference number, which is 797026.

The Zero Deposit Guarantee is underwritten by Great Lakes Insurance SE. Great Lakes Insurance SE is a German insurance company with its headquarters at Königinstraße 107, 80802 Munich. Registered with the commercial register of the local court of Munich under number: HRB 230378 UK Branch office: Plantation Place, 30 Fenchurch Street, London, EC3M 3AJ. Great Lakes Insurance SE UK Branch is authorised by the Bundesanstalt für Finanzdienstleistungsaufsicht and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from Zero Deposit on request.