Reposit has partnered with Martyn Gerrard, a 14-branch estate and letting agency based in North London.
Ahead of the incoming Renters’ Rights Bill, Martyn Gerrard undertook a comprehensive review of its suppliers and processes.
It has chosen to offer Reposit across its portfolio of almost 2,000 properties, following its recent acquisition of Islington-based Carlton Estate Agents.
Reposit’s FCA-regulated product gives landlords enhanced protection, providing up to eight weeks’ cover against rent arrears and dilapidations, while allowing tenants to pay a one-week, non-refundable fee instead of a traditional five-week cash deposit.
BEST OPTIONS
Greg Tsuman, Head of Lettings at Martyn Gerrard, said: “With the Renters’ Rights Bill set to transform the lettings landscape, we took the opportunity to review our suppliers ensuring we’re offering the best options for our clients and customers.
“Reposit’s authorisation by the Financial Conduct Authority (FCA) means it operates under strict regulatory oversight, which was vital for us.
“Reposit gives tenants a more accessible and flexible alternative to traditional deposits, while offering landlords up to eight weeks of protection, significantly more than the five weeks typically available with cash deposits.
“Reposit’s pricing structure, combining a minimal initial cost with manageable ongoing fees, aligned well with the needs of our clients.”
ADDING VALUE
Gurman Bains (main picture), Head of New Business at Reposit, adds: “Partnering with a respected agency like Martyn Gerrard reinforces how Reposit delivers meaningful value to landlords at a critical time.
“With the Renters’ Rights Bill set to introduce major changes to how landlords operate, having robust, reliable protection in place is more important than ever. Reposit offers up to eight weeks’ cover, 60% more than a traditional deposit, helping safeguard against rent arrears and property damage as financial and legal pressures increase.”
