Let property faster with Reposit

Earn commission and secure your property.

How does Reposit work?

  1. Step one

    Your tenants find their dream rental property

  2. Step two

    You refer the tenants to us via our platform

  3. Step three

    They sign up and pay just one week’s rent

  4. Step four

    You earn a referral fee for the Reposit and your Landlord is covered

  5. Set up your account in minutes, for free
    Sign up

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Important information for Letting Agents and Landlords

  • Reposit is not a deposit and is a replacement for a tenant paying a security deposit when renting a property.
  • Reposit protects Landlords by adding them as a beneficiary to our insurance policy underwritten by Canopius Managing Agents, Lloyds Syndicate 4444. As a beneficiary you are given the protection of claiming up to 8 week's worth of rent in the event that your tenant causes unreasonable damage or has outstanding rent at end of tenancy and Reposit is unable to reclaim the funds within a 28 day period.
  • As the tenant is not a named beneficiary on the policy, there is no 14 day cooling off period applicable.
  • The initial Reposit service charge is valid for 12 months. Tenants are required to pay a £30 admin charge annually if they stay in the property beyond the first 12 months.
  • If the tenant pays Reposit the outstanding sum within this time, we will pay the funds to you within 48 hours.
  • We require all tenants to pass comprehensive referencing before purchasing a Reposit.
  • The Reposit service charge is non-refundable to tenants.
  • At end of tenancy, you may decide to claim on the Reposit. It is then the tenant’s right to either agree or dispute the claim and Reposit will act as an impartial mediation platform.
  • Arbitration is always free for our Landlords. If a tenant disputes a claim, an independent arbiter will assess and award monies based on factual evidence presented both from yourself and the Tenant. If the arbiter concludes, that all monies should be awarded wholly in favour of the Landlord, a £120.00 admin charge will be added to the balance owed by the tenant. This is designed to disincentivise unscrupulous disputes from tenants, given the lack of deposit in place.
  • The arbiter's decision is always final and binding as outlined in your T&C’s. Their decision can only be challenged in a court of law like traditional deposit schemes.

For more information please read our FAQs

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