Call me back

REPOSIT

Thu 11 Apr 2019

We have just partnered up with Reposit who are a tenancy deposit alternative company. Below is a brief overview of how it works.

 

No action is required from you - every time we let one of your properties we will give the tenant the choice to pay a deposit or a smaller ‘Reposit Service Charge.’ If Reposit is chosen by the tenant, you will be added as a named beneficiary to their insurance master policy. This insurance is underwritten by Canopius, a top 10 Lloyd’s of London insurance company. When a property is let with Reposit you will receive a document confirming the details of the insurance cover you will receive. This covers you for anything stated in the AST and therefore essentially a direct replacement for a traditional deposit.

 

Under this master policy the tenant remains liable to pay for any dilapidations or rent arrears at the end of the tenancy. If the tenant defaults on their agreement Canopius will pay out hence the 8-week cover is completely secure in all scenarios.

 

Reposit deal with all the admin, you will never need to interact with the insurer and make a claim.

 

The main benefits to you:

 

·         More cover The government has recently enacted a policy capping traditional deposits to 5 weeks, so Reposit can give you 3 weeks extra protection

●        Quicker payouts at end of tenancy If a claim goes all the way through to arbitration Reposit will obtain a final verdict much quicker than the traditional deposit schemes

●        Decrease void periods If we can advertise your property with a ‘deposit free option’ it will let quicker especially now deposit free renting is attracting a lot of interest.

●        The same cover, happier tenants Completely secure cover backed by Canopius- more details inside the Reposit Landlord brochure attached.

●        Increased demand from a wider range of tenants Reposit makes renting more accessible to good quality tenants who easily satisfy rent affordability but do not have access to a large sum of money at start of tenancy

"Would like to say how professional and amazing Paula, Kim and Cassie are. I have had the best experience with Living Property the whole process has been smooth and faultless. I have been with other agents and the service does not compare to what Living Property provides. Big thank you to the team "
J Hope (Tenant)

News Archive

July 2022

Smoke and carbon monoxide alarms compulsory from 1 October 2022

November 2021

Property Auctions Through A Lawyers Eyes

HM Land Registry FREE Property Alert Service

June 2021

Changes to Right to Rent Checks

Living Property - Gold Winners Best Estate Agent Beccles and Lowestoft 2021

May 2021

Changes in Eviction Notices

April 2021

Sense Check Your Property Sales Valuation

Case Study - Divesting Residential Buy to Let with Tenant in Situ

Landlords Is Your Property Management Agent Compliant Under Client Money Protection?

March 2021

First Time Buyer 95% Mortgage Guarantee Scheme

Temporary Stamp Duty Land Tax (SDLT) England & Northern Ireland 2021

January 2021

What's Best Market My Property First Or Find My New Home First

Home Exchange a viable alternative to the traditional move

Executors Selling Property - Private Treaty or Auction

Living Property Off-Market Sales Service

December 2020

Off Mains Drainage Regulations selling a property with a septic tank

Strategies For Divesting Residential Buy-to-Let Investment Property

Government Advice On Home Moving Under Covid Pandemic

Living Property Team Up With The Moving Hub's UK National Property Survey Services

Living Property Team up with The Moving Hub’s Conveyancing Services

Selling Property By Auction

When Is The Best Time of Year To Sell My Home

LivingProperty British Property Awards 2020 - 2021 Winners Beccles and Lowestoft

November 2020

LIVING PROPERTY HAS EXPANDED

July 2020

Electrical Regulation July 2020

Covid 19 Information


Living Property fully adheres to the Government's COVID safe working regulations at all times.

 

The safety of our customers and staff is our number one priority. Please stay Safe 


For more information please see our full details here


Covid 19 Information Hide