LeasingDesk has developed an alternative to the traditional security deposit that reduces risk and attracts more qualified residents.

ATTRACT MORE RESIDENTS
Moving into a new apartment is expensive and often affects where a good resident chooses to live. Expensive security deposits can prevent a prospective resident from signing your lease. DepositFree improves the marketability of your property and attracts top-quality residents by reducing move-in costs without losing the protection of the security deposit.

OFFERING DepositFree IS HASSLE-FREE
It's easy to enroll residents in DepositFree. Just fill out a simple form and start offering residents a cost-effective alternative to security deposits. Once your property is approved:
• We’ll train the leasing staff
• We’ll provide the necessary marketing materials
• We’ll process new resident applications
• We’ll deliver regular reports to the management team
• We’ll manage the reimbursement process Apply today and implement a robust risk management solution that is easy, hassle-free and a competitive advantage in your market.

HOW DOES DepositFree REDUCE RISK?
DepositFree takes responsibility for the financial obligation of your resident. The surety bond is a written agreement between the resident and DepositFree that protects you from loss if the resident fails to fulfill the financial terms of the lease. If the resident moves out without fulfilling their lease obligations DepositFree will reimburse you the monies owed up to the limits of the surety bond.

HOW DOES THE PROGRAM WORK?
For every enrolled resident, DepositFree allocates a percentage of the one-time, non-refundable fee specifically for loss reimbursement. As more residents enroll in the program, the owner’s financial pool of capital grows. If a resident who fulfills the lease obligation moves out, the reserves remain intact. When a resident doesn’t fulfill the lease agreement, the conditions of the surety bond require them to reimburse DepositFree for cost of damages, excessive cleaning, loss of rent and related expenses, including legal and collection fees. Once DepositFree collects from the resident, the monies are returned to your account for future reimbursements.

THE BOTTOM LINE
DepositFree is a risk management solution that is designed to:
1. Protect owners from financial loss due to damages or unpaid rent
2. Deliver a competitive marketing advantage
3. Enhance community appeal to qualified residents
4. Eliminate the administrative burden and cost of collections
5. Reduce overall exposure to risk