Just like with a traditional deposit, flatfair’s No Deposit tenants are responsible for any breach of their tenancy agreement. In the event of excessive property damage, flatfair can offer extra protection for up to the value of six weeks' rent at your property (instead of the maximum 5 weeks available through a cash deposit). This gives landlords an additional week’s worth of protection against unwanted damages or unpaid rent for free!
Landlords who are after more protection can also sign up to a Boost subscription, which increases the protection of a traditional deposit or No Deposit by up to an amount equivalent to six extra weeks’ of rent for excessive damages. Click here to learn more about Boost.