Deposit-Free Leasing.
Institutional Risk Protection.

LeaseSurance is a South African FinTech and InsureTech company that provides deposit-free lease insurance for residential and commercial property portfolios. We replace traditional cash deposits with insurance-backed protection. Landlords get broader coverage, 3-5x more than a cash deposit. Tenants are not asked for an upfront lump sum. Our products operate through a regulated cell captive structure underwritten by Guardrisk Insurance Company Limited (FSP 75).

Instead of a large upfront cash deposit, tenants pay a small monthly fee that is collected alongside their rent through your existing property management system. The landlord holds insurance-backed coverage at multiples of monthly rent for rent arrears, property damage, early termination and skips. Claims are filed online through the LeaseSurance platform and processed by a licensed administrator.

LeaseSurance covers three primary loss categories: damages (physical damage to the property beyond fair wear and tear), evictions (missed rent during the notice period plus legal fees), and skips (when a tenant vacates without notice, covering outstanding rent and damages). Coverage is 3-5x more than a traditional cash deposit would provide. The specific cover level is set per portfolio based on your risk assessment.

At lease end, the property manager prepares a final account (arrears, damages, cleaning) and files the claim online through the LeaseSurance Dashboard. A licensed administrator processes the claim, not an internal team. The average payout takes 7 to 14 business days from submission of a complete claim. Progress is tracked in LeaseHub™ with real-time status updates.

A native charge code is added to your property management system. The monthly fee is billed to the tenant as part of their standard rent statement, so there is no separate invoicing. LeaseSurance then invoices the property manager monthly for all active policies in the portfolio. Billing, reconciliation and reporting are automated through the PMS integration.

No. Tenants do not apply directly to LeaseSurance. When a tenant is approved by the landlord or property manager, they are automatically enrolled in the programme. There is no separate application form, no additional credit check and no approval waiting period. The monthly fee appears as a line item on their standard rent statement.

The landlord keeps full protection for the duration of the lease, whether or not the tenant keeps paying the monthly fee. Coverage does not lapse if the fee is missed. The fee forms part of the tenant's standard monthly obligations and is collected alongside rent through the PMS. The same collection process applies as for any other rental charge.

Yes. Zero Deposit™ can be extended to cover lease renewals, so protection continues across the full tenancy. Renewal pricing applies to new leases only. Existing tenants are not repriced mid-lease, so the product can be introduced for new leases and renewals without affecting tenants already in the portfolio.

ZD Rewards™ is a behavioural incentive layer unique to LeaseSurance. Tenants accumulate rewards for on-time payments and property care throughout their tenancy. The bulk of the rewards are linked to settling the final account at move-out. That gives tenants a financial incentive to leave cleanly. LeaseSurance funds the rewards in full, at zero cost to the landlord, and delivers them through a mobile app on Google Play and the App Store.

Yes. The LeaseSurance Agent (Pty) Ltd is an authorised financial services provider in terms of the Financial Advisory and Intermediary Services Act (FAIS), FSP 55633. All policies are underwritten by Guardrisk Insurance Company Limited, a licensed non-life insurer regulated by the Prudential Authority, FSP 75. The cell captive structure ring-fences each portfolio's risk, so it is never pooled or cross-subsidised. This governance framework meets the requirements of institutional investment committees and compliance officers.

LeaseSurance is built for institutional landlords and property management companies running portfolios of 500 units or more. Our clients include residential REITs, commercial property funds, and multi-portfolio property managers across South Africa. It is not a product for an individual landlord with one or two properties. The model is built for scale.

Yes. Zero Deposit™ serves residential portfolios and Zero Capital™ serves commercial portfolios. Both operate under the same licensed, insurance-backed structure. ZD Rewards™ (behavioural incentive layer) is currently available for residential programmes. LeaseHub™ (digital infrastructure) supports both residential and commercial. Products can be deployed independently or together for mixed-use portfolios.

Yes. LeaseSurance integrates with MRI Property Central, MRI PMX, WeconnectU, PayProp, Modus10 and Xero. Billing, tenant onboarding, lease checkout, claims and property performance metrics all flow through your existing system without manual intervention.

Most portfolios are fully operational within 4 to 8 weeks. That covers portfolio assessment, PMS integration, team training and tenant onboarding configuration. Existing leases are not touched: the programme is introduced for new leases and renewals only.