How does it work?
Reposit is not a deposit. Tenants who choose to use Reposit pay to Reposit a non-refundable service charge equal to one week’s rent to allow them not to pay a traditional deposit. This will allow you, the Landlord, to be added to Reposit’s Insurance Policy.
Reposit covers the Landlord for up to eight weeks’ worth of damages or rent arrears if a Tenant defaults on fair payment. Your Tenants are still liable for any damages or breaches of the tenancy agreement and will pay for these at the end of the tenancy, just like with a traditional deposit.