While renters gain financial freedom, property owners and operators gain a competitive edge, superior protection and efficiency. LeaseLock’s insurance provides more comprehensive coverage against rent loss and damage than a traditional deposit, improving cash flow while removing the burden and risk of deposit handling. The operational improvements, combined with the appeal of deposit-free leasing, help partners accelerate leasing, reduce administrative cost, and enhance overall asset performance.
“Surpassing $14 billion in insured leases reflects a fundamental shift in the market,” said Janine Steiner Jovanovic, CEO of LeaseLock. “Today’s renters expect modern, flexible solutions, and they are overwhelmingly choosing to keep their cash rather than tying it up in an outdated and unreliable deposit. We are proud to help our partners meet this demand, creating a better leasing experience that results in faster lease conversion and improved financial performance for their properties.”
In collaboration with its best-in-class partners, LeaseLock offers a fully integrated risk management suite that includes deposit replacement, fraud detection, cash management, renters insurance, credit building and financial wellness tools. Available in all 50 states, LeaseLock is a featured amenity at
properties managed by some of the largest and most admired owners and management firms in the country.
