How To Record The Zero Deposit Scheme

What is a Zero Deposit guarantee?

Zero Deposit makes renting more affordable for tenants by providing an alternative to the traditional security deposit. This can help speed up the renting process and reduce void periods. Tenants buy a Zero Deposit Guarantee for the cost of one week's rent. We provide landlords with protection equivalent to a six-week deposit. At the end of the tenancy, tenants must pay for any damage or unpaid rent. For further information see: www.zerodeposit.com

How to enter a ‘zero deposit’

When entering the tenancy details, select the deposit scheme as ‘No Deposit Held’.

 


One the tenancy is live, you can then enter the details of the ‘Zero Deposit Scheme’ in the deposit general notes section:


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