Residential landlord and property management company Habodel has partnered with Reposit to offer tenants an alternative to traditional cash deposits across around 1,700 homes.
The deposit alternative will be available across 10 of Habodel’s single-family housing developments, giving residents a choice over how they secure their tenancy.
Reposit allows tenants to pay a one-week fee instead of providing the traditional five-week cash deposit. The company says landlords and operators receive protection equivalent to eight weeks’ rent.
REDUCING UPFRONT COSTS
Habodel says the partnership forms part of its approach to providing greater flexibility and developing its resident services across its rental portfolio.
Sarah Quinn, Head of National Operations at Habodel, says: “We’re focused on creating a better rental experience for our residents through professional service, greater flexibility and continuous innovation.
“Partnering with Reposit is another way we’re giving residents more choice when securing their home, helping to reduce upfront moving costs while allowing them to select the option that best suits their individual circumstances.”
Zoë Murphy, Partnership Sales Associate at Reposit, adds: “Offering tenants greater choice around deposits can mean the difference between being able to afford to move or not.
“We’re excited to work with Habodel as they further support their tenants while remaining fully protected and receiving eight weeks cover instead of the usual five.”
