Eliminating
Security Deposits for Multifamily

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

Let’s Talk

Convert more leases & drive stronger NOI with Zero Deposit

[wpforms id="1697" title="false" description="false"]

How We Are Different From Obligo:


  • $3000 coverage standard 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

1

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.

2

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.

3

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.

4

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.

5

NOI performance reporting

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

6

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.