Deposit Replacement Options  We offer 2 alternatives to the traditional deposit: 

 
Option 1 - Reposit 
 
A Deposit Replacement Guarantee arranged by Reposit costs the equivalent of one week’s rent and replaces the traditional tenancy deposit. 
 
How it works: 
 
1. You review your Reposit quote online, having been introduced to us by Crowe Property. 
2. You make a payment equivalent to one week’s rent and the paperwork is generated, and copies sent to all parties. 
3. Your landlord gets a guarantee for the same amount as a 8-week tenancy deposit and you remain liable for any damage or financial loss due to them 
4. At the end of the tenancy, the inventory and check-out are completed and if you leave the property in a satisfactory condition with no outstanding rent or bills, there is no further action required 
5. If there is any damage to the property or any unpaid rent, you will need to reimburse the landlord yourself. If you dispute the landlord’s claim, you and the landlord will be asked for evidence which will then be sent for expert evaluation 
6. If the expert finds in the landlord’s favour, Reposit settle the claim with your landlord and seek reimbursement from you directly. If you fail to reimburse Reposit, you may be liable for recovery costs and it could impact on your credit history. 
 
Important Information for Reposit Deposit Replacement Guarantees : 
 
• This Guarantee provides your landlord with protection if you do not pay them directly for the cost of any financial loss or damage due 
 
• You remain completely responsible for any financial loss or damage due to the landlord, as you would with a traditional tenancy deposit 
 
• The cost of the Reposit Guarantee is not returned to you at the end of your tenancy or offset against any claim by the landlord 
 
• If you dispute your landlord’s claim, and the independent expert evaluation finds in your landlord’s favour, Reposit will settle with them and then seek reimbursement from you. Failure to pay Reposit can result in passing your debt to a debt collection agency which may incur further costs for you and could affect your credit rating 
 
• Reposit is offered to you as a choice, so if you prefer to pay a security deposit, you can. With a traditional deposit your money will be returned to you if there is no financial loss or damage due to the landlord at the end of the tenancy 
 
There is an annual admin fee of £30 per tenancy to renew the Reposit. 
 
For more information visit the Reposit website 
 
 
 
Option 2 - Ome  
 
A Deposit Replacement Guarantee arranged by Ome has a monthly fee from as little as £5 per month for the property and replaces the traditional deposit. 
 
How it works: 
 
1. You apply online to Ome, having been introduced to us by Crowe Property. 
2. You agree to make the monthly payments which start as little as £5 per month for a tenancy with the rent up to £750 per calendar month. Monthly payments can be managed online and can be split between tenants or paid by one tenant. 
3. Your landlord gets a guarantee for the same amount as a 5-week tenancy deposit and you remain liable for any damage or financial loss due to them 
4. At the end of the tenancy, the inventory and check-out are completed and if you leave the property in a satisfactory condition with no outstanding rent or bills, there is no further action required 
5. If there is any damage to the property or any unpaid rent, you will need to reimburse the landlord yourself. If you dispute the landlord’s claim, you and the landlord will be asked for evidence which will then be sent for expert evaluation 
6. If the expert finds in the landlord’s favour and you do not reimburse the landlord, Ome will settle the claim with your landlord and seek reimbursement from you directly. If you fail to reimburse Ome, you may be liable for recovery costs and it could impact on your credit history. 
 
Important Information for Ome Tenancy Deposit Replacement Guarantees : 
 
• This Guarantee provides your landlord with protection if you do not pay them directly for the cost of any financial loss or damage due 
 
• You remain completely responsible for any financial loss or damage due to the landlord, as you would with a traditional tenancy deposit 
 
• The cost of the Ome Guarantee is not returned to you at the end of your tenancy or offset against any claim by the landlord 
 
• Ome is offered to you as a choice, so if you prefer to pay a security deposit, you can. With a traditional deposit your money will be returned to you if there is no financial loss or damage due to the landlord at the end of the tenancy 
 
There is an initial set up fee of £30 per tenancy with the low monthly fee thereafter. 
 
For more information visit the Ome website 
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