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What is the Nil Deposit Scheme?

Thornley Groves has partnered with Reposit to bring you a nil deposit option when letting your property with us. Through Reposit we are able to bring you an alternative to the traditional deposit saving your Tenants money and time which means your properties attract more potential Tenants!

What do I have to do?

Step one

Tenants are interested in your property

Step two

Thornley Groves will refer these Tenants to Reposit

Step three

Tenants pay a non-refundable fee of one week's rent

Step four

You are covered by insurance for up to 8 week's rent

How does it work?

Reposit is not a deposit. Tenants referred through Reposit pay a service charge equal to one weeks worth of rent to allow them not to pay a deposit and for you, the Landlord to be added to the Reposit Insurance Policy.

Reposit provides up to eight week's rent as cover for your properties. Your Tenants are still liable for any damages or breaches of the tenancy agreement and pays for these at the end of the tenancy, just like with a deposit.

Reposit helps your property stand out in a crowded market and lets Tenants move in faster, rather than waiting to have a large lump sum avaliable. This means your property wonn't stay empty for long!

Find out more by reading the leaflet, just click on the arrows to navigate!

How will a Tenant know my property uses Reposit?

When a Tenant is looking for their ideal property they'll be able to see the blue Reposit sticker on your property images such as the one shown on this property.

This sticker shows that your propery is eligible for our Nil Deposit Scheme and you have agreed to to let your property using the Reposit service.

Have any questions or concerns?

Get in touch!