Traditional deposits fail to protect property owners and operators from financial loss and are unable to effectively mitigate risk, resulting in bad debt. At LeaseLock, we deliver an AI powered insurance solution that replaces deposits for good by offering Zero Deposit™ to every renter. Zero Deposit™ streamlines the rental experience, driving faster leasing decisions and boosting NOI. Zero Deposit™ is an essential tool for protecting your profits and driving renter satisfaction.
Lease insurance 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 lease insurance. 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.
in Leases Insured
Let’s discuss how our lease insurance will redefine your leasing process and protect your assets.
At LeaseLock, we provide a robust support system to help you Eliminate Security Deposits for Good™ and effectively implement the product at the properties. We deliver exceptional support to owners and operators of properties nationwide, ensuring the transition to lease insurance is simple and effective.
LeaseLock seamlessly integrates with top property management systems such as Yardi, MRI, RealPage, Entrata, and ResMan, enhancing operational efficiency while providing essential analytics, real-time reporting, and transparent communication channels.
