Deposit alternative provider partners with 14-branch agency
Original Article Summary
FCA-regulated product provides landlords with up to eight weeks’ cover against rent arrears and dilapidations
PropMatch Curated Analysis
Deposit alternative provider Reposit has partnered with 14-branch north London agency Martyn Gerrard, offering up to 8 weeks' protection against rent arrears and dilapidations across nearly 2,000 properties. The FCA-regulated service provides enhanced coverage compared to traditional deposits, with particular relevance given the upcoming Renters' Rights Bill.
Investor Relevance
Offers landlords an alternative to traditional deposits with enhanced protection (8 weeks vs 5 weeks) and FCA regulation for security. Particularly relevant as the Renters' Rights Bill may change deposit rules and increase landlord risks, making robust protection mechanisms more valuable.
Original Source:
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