Security Deposits for Multifamily

Streamline new leases and reduce bad debt with a turn-key deposit-replacement solution powered by insurance.

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Convert more leases & drive stronger NOI with Zero Deposit

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How We Are Different From Assurant:

  • $3000 coverage preferred plan
    Deposit alternatives typically cover deposit value averaging $500 or less.
  • Fully automated
    Deposit alternatives require out-of-workflow applications or approvals.
  • Higher claims payouts
    Deposit alternatives typically collect only ~$50 in premium to apply to claims fund.
  • 92% resident adoption on average
    Deposit alternatives are sold by onsite staff and typically have lower adoption.

Deposit Alternatives

  • Typically only cover deposit
  • Lower adoption by renters
  • Smaller claims funds
  • Off-system processing

What You Get with LeaseLock


Better coverage with $3000 per lease

Multifamily properties need better protection than traditional deposits. Get up to 10x the protection with over $3,000 in rent loss and damage coverage on our preferred plan.


Seamless for onsite managers

Offering renters a frictionless move-in / move-out experience with Zero Deposit drives more leases without any work for onsite teams.


Powered by lease insurance

Lease insurance offers better coverage than traditional deposits. Offload cumbersome deposits and see how operational improvements result in bottom line growth.


Fully automated leasing checkout

We’ve done the hard work integrating with all front & back-office workflows. Our turn-key solution removes friction at leasing resulting in the industry’s highest resident adoption rates.


NOI performance reporting

Native integration into property management systems alongside our reporting capabilities showcase clear NOI benefits for properties that eliminate deposits.


White glove service

Our customer success team ensures a quick and easy Zero Deposit launch, so you can sit back and watch the leases roll in.