Reposit will soon be available to residents at VervLife’s Build-to-Rent (BTR) and CoLiving sites.
As part of this strategic partnership, all of VervLife’s sites across the UK will have the option to choose Reposit as well as the traditional five-week upfront cash deposit.
With Reposit, residents pay a fee of one week’s rent instead of a five-week deposit, subject to passing tenant referencing or providing a UK guarantor.
For BTR operators, the solution removes the barrier for residents accessing units, whilst providing up to eight weeks of protection against unpaid rent and property damage.
STREAMLINING ADMIN
Reposit also streamlines administrative processes at the start and end of tenancy.
Kalan Ledger, Partnership Sales Associate at Reposit, says: “Our partnership with VervLife marks another significant step in expanding our presence within the BTR sector, where demand for flexible deposit solutions continues to grow.
“Operators are turning to our FCA-regulated solution to gain a competitive edge by simplifying administration, ensuring regulatory compliance, boosting occupancy and increasing their cover.”
BEST VALUE
Johan Wiehman-Larter (main picture, inset), Head of Strategic Operations at VervLife adds: “Delivering the best possible value for our residents is our priority. Reposit encourages flexible renting, and we’re proud to partner with them to enhance the resident experience across our homes.”
This announcement follows Reposit’s recent collaborations with ila and Bricklane, which collectively manage thousands of homes across the UK.
