NIL DEPOSIT - TENANTSarrow


The alternative to a traditional deposit

Moving home is an expensive time; pulling together money for a deposit, first month’s rent and other associated moving costs can be a real struggle, especially if your previous deposit hasn’t been returned. The Nil Deposit Scheme removes some of this struggle providing you with a more affordable alternative to the traditional deposit system.

How does it work?

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Instead of paying a full deposit, you pay a non-refundable nil deposit service charge; significantly less than a traditional deposit, this can be as low as the equivalent of just 1 weeks rent plus VAT. What you do with the money you save is up to you.


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Throughout your tenancy you will have tenant’s liability insurance in place - this will protect you and the landlord against accidental damage to the landlord’s fixtures, fittings and furniture.


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The Nil Deposit scheme is fair for everyone; upon the end of the tenancy you pay for any damage or rent arrears. Any disputes will be handled by an independent adjudicator.

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The Nil Deposit Scheme is renewable every 6 months, with a renewal fee of £15 inc VAT which is payable to the scheme provider.


To find out more information contact your LOCAL BRANCH.

NIL DEPOSIT - LANDLORDSarrow

The alternative to a traditional deposit

Moving home is an expensive time for tenants; pulling together money for a deposit, first month’s rent and other associated moving costs can be a real struggle, especially if their previous deposit hasn’t been returned. The Nil Deposit Scheme removes some of this struggle providing tenants with a more affordable alternative to the traditional deposit system.

How does it work?

piggy bank

Instead of paying a full deposit, the tenant pays a nonrefundable nil deposit service charge; significantly less than a traditional deposit, this can be as low as the equivalent of just 1 weeks rent plus VAT.


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The Nil Deposit service manages payment of any entitlement for any breach of the tenancy agreement up to 6 week’s rent, via your letting agent.


wine glass

Throughout the tenancy the tenant will have tenant’s liability insurance in place - this will protect against accidental damage to your fixtures, fittings and furniture.


scales

The Nil Deposit scheme is fair for everyone; at the end of the tenancy the tenant remains liable for any damage or rent arrears. Any disputes will be handled by an independent adjudicator.

Landlord Benefits

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Reduce Void Periods - stand out from the crowd with more choice for potential tenants

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Deal with end of tenancy disputes quicker


To find out more information contact your LOCAL BRANCH.

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