Eliminate your security deposit

A Standby Deposit is a cash free security deposit replacement

Our vision

To change the way people rent

Removing barriers to getting into quality housing!

Use your credit to replace your deposit

We use your credit score to provide a Standby Deposit for a low monthly fee

From only $4 per month
Still liable for damage / unpaid rent
Use your cash for something better

Strengthen your product

With a no cash move-in you  gain a competitive edge on your competition

Rent faster and lower your vacancy rate
Keep the same protection as a cash deposit
Manage your deposits with ease
Standby Deposits

The obvious way to solve deposits

It's easier

A no cash move-in is simpler for renters and landlords

It's just as safe

Standby Deposits cover everything a cash deposit would cover - without hassle

It's better

Renters can use their cash for something better and landlords can generate more revenue
Standby platform

A great platform to handle deposits

Our platform allows renters and landlords to manage their Standby Deposits with ease

rental history and credit score

Build a rental history and boost your credit score

Build a rental history with us and use it to get easier access to rental housing

Benefits :
If you want, we can share your payment history with the credit agencies - raising your credit score
Add your rental history to our system and get references from before you started using Standby Deposits
We'll store your rental history and you can share it with landlords that you want to rent from
Get  started now

Frequently asked questions

Get answers to all the questions you have.
What are Standby Deposits?

Standby Deposits are a line of credit extended to the tenant and available to the landlord. The line is only drawn if the landlord needs to access the deposit as per the terms of the lease agreement.

How much does a Standby Deposit cost and is it available to everyone?

Yes, a Standby Deposit is available to everyone - including renters with no or low credit scores.

They start at just $4 per month for a $1,000 Standby Deposit. The pricing varies based on the credit score of the renter.

What happens if a Standby Deposit is used by a landlord

The same as if a cash deposit had been used, except it's being drawn from a credit line. The money gets transferred to the landlord on demand and without any claims process. The deposit is treated exactly like a cash deposit and if there is a disagreement between the renter and landlord about the deposit usage, then the same methods for solving it as a cash deposit should be used. Standby Deposits does not get involved.

Much like a bank account that holds a cash deposit in escrow, a Standby Deposit is a deposit that the landlord controls. Standby Deposits is just an intermediary that holds the deposit in the form of a line of credit.

How does a renter repay a used Standby Deposit?

When a landlord uses a Standby Deposit to cover damage or unpaid rent/costs the funds are transferred to the landlord on demand. A bill is generated for the renter that can be paid without interest in 30 days or repayment can be spread over a longer period of time (up to 3 years).

The landlord will have to follow local laws about sharing the details of why a deposit was used.