# Zero Deposit™
URL: https://www.leasesurance.co/zero-deposit
Title: Zero Deposit: Deposit-Free Residential Leasing | LeaseSurance
Summary: Zero Deposit replaces the residential cash deposit with a monthly fee: about 5x more landlord cover, billing inside your PMS and claims paid in 7 to 14 days.
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Residential · Zero Deposit™

A landlord-led lease insurance model that replaces the cash deposit with an affordable monthly fee. More cover for the landlord, no lump sum for the tenant.

## Tenant Liquidity {#tenant-liquidity}

- No upfront deposit to find
- Simple opt-in
- Faster move-ins and lease signings

## Landlord Protection {#landlord-protection}

- Multiple of rent cover
- Insurance-backed protection
- Claims processed on vacate

## Administration {#administration}

- Less deposit admin
- Time saved at move-in and vacate
- No deposit friction

Performance

## Measurable Impact on Your Portfolio {#measurable-impact}

### Higher Leasing Velocity {#higher-leasing-velocity}

No deposit to save for, so tenants sign sooner

### Reduced Rental Incentives {#reduced-rental-incentives}

Less need for deposit or rent specials to fill units

### Bad Debt Reduction {#bad-debt-reduction}

Measurably lower arrears and write-offs

### Admin Burden {#admin-burden}

No deposit to lodge, hold or refund

## Integrated Into Your PMS (Property Management System) {#pms-integration}

LeaseSurance connects directly to the property management systems your team already uses. Billing and workflows run inside that system, with no manual intervention and no disruption to how your team operates.

Integration Partners

- MRI Property Central
- MRI PMX
- WeconnectU
- PayProp
- Modus10
- Xero

Coverage

## What Zero Deposit™ Covers {#what-zero-deposit-covers}

Approximately 5x more protection than a traditional cash deposit. It covers the losses a deposit was never meant to handle.

### Damages {#damages}

Physical damage to the property beyond fair wear and tear. Covers the restoration, repairs and cleaning needed to return the unit to a lettable condition at lease end.

### Evictions & Arrears {#evictions-arrears}

Missed rent including the notice period, the legal fees of the eviction, and the rent lost while the unit stands empty during proceedings.

### Skips {#skips}

A tenant vacates without notice. Cover includes the outstanding rent, damage found on inspection and the cost of recovery. This is one of the most common and costly situations residential landlords face.

- **~5x** — More Protection vs Cash Deposits

- **7 to 14** — Business Days Average Claims Payout

- **100%** — Coverage Maintained Even If Fee Missed

## How Billing Works {#how-billing-works}

The monthly fee is collected automatically alongside rent. There is no separate invoice and nothing for your team to process.

- A charge code for the Zero Deposit™ monthly fee is added to your property management system
- The fee is billed to the tenant automatically on their standard monthly rent statement
- LeaseSurance invoices the property manager monthly for all active policies in the portfolio
- Billing runs through the PMS (Property Management System) integration, so there is no manual data entry or reconciliation
- Reporting on fee collection, active policies and portfolio coverage is available in real time in LeaseHub™

### Automated Billing {#automated-billing}

Charge code in your PMS. Collected with rent.

## The Tenant Experience {#the-tenant-experience}

Zero Deposit™ is invisible to the tenant. There is no deposit to find and nothing extra to apply for.

- Tenants do not apply to LeaseSurance. The landlord or property manager enrols approved tenants automatically
- There is no separate application form, no additional credit check, and no approval waiting period
- The monthly fee appears as a line item on the tenant's standard rent statement
- If the tenant stops paying the monthly fee, the landlord retains full protection for the duration of the lease
- Zero Deposit™ can be offered on lease renewals, so cover continues across the full tenancy

### Simple for Tenants {#simple-for-tenants}

No application. No credit check. Enrolment is automatic.

## Claims Process {#claims-process}

When a tenant vacates, the claim is filed online and settled quickly. No complex paperwork, no drawn-out dispute, no Trust Board involvement.

- At lease end, the property manager completes a final inspection and prepares the final account (arrears, damages, cleaning)
- The claim is filed online through the LeaseSurance Dashboard with supporting documentation
- Claims are processed by a licensed administrator, not an internal team with competing priorities
- Average payout timeline is 7 to 14 business days from submission of a complete claim
- The whole process is tracked in LeaseHub™, with status updates the property manager can see in real time

### 7 to 14 Day Payouts {#7-to-14-day-payouts}

File online. Settled by a licensed administrator.

## Ready to Eliminate Cash Deposits? {#ready-to-eliminate-cash-deposits}

Speak to us about implementing Zero Deposit™ across your residential portfolio.

[Speak to Us](https://www.leasesurance.co/contact)

[Commercial leasing? See Zero Capital™](https://www.leasesurance.co/zero-capital)

[Explore ZD Rewards™](https://www.leasesurance.co/zd-rewards)

[Risk & Governance](https://www.leasesurance.co/risk-governance)