Deposit Replacement
Redefine leasing and improve the renter experience with Zero Deposit™.
Eliminate Deposits for Good™
Deposits tie up much needed renter capital. There are billions in deposits floating in the US network, illiquid capital sitting dormant in escrow accounts rather than working for American renters.
We’ve pioneered a new category of insurance dedicated to housing affordability that replaces deposits. Our Zero Deposit lease insurance protects renter capital and simplifies the leasing experience, while maintaining appropriate protections for properties.
No qualification barriers. No subrogation. Not consumer credit. We are true insurance.
LeaseLock is moving the financial burden off the American family, unlocking valuable household liquidity while protecting the country’s rental housing assets.
Zero Deposit™ Provides Optimal Protection
Zero Deposit™ is preferred by most renters, ensuring full protection to offset NOI loss.
Surety bonds are not good enough. They subject renters to additional screening and qualification barriers, and then expose them to credit damage when a claim is paid through subrogation. Even more, renters believe they are paying for a deposit replacement, but when a claim is paid, bond providers collect on them for the full amount, regardless of what was paid by the renter during the lease term. Surety bond related complaints cause considerable reputation damage as well as legal risk for housing providers.
“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 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.
