Pricing starts at $4 per month for a $1,000 Standby Deposit
Terms:
You are liable to pay any damages or unpaid rent/costs
Exactly in the same way a cash deposit would be used by your landlord
A Standby Deposit is not insurance. It is a line of credit that you are liable for
Non-payment will effect your credit
Terms :
A Standby Deposit is a credit product
Instead of providing a cash deposit you sign up for a Standby Deposit
You pay a small monthly fee and move in
You treat the Standby Deposit like a normal deposit. You’re still liable to pay for any damages or unpaid rent / costs. Any dispute should be handled using the same methods as if a cash deposit had been in place (I.e. Small claims court)
End of lease terms :
Your landlord does an inspection
If your landlord needs to use a Standby Deposit to cover damages or unpaid rent/costs then we will pay that cost up to the amount of the Standby Deposit
You are responsible for repaying a used Standby Deposit
No interested is charged for 30 days after a Standby Deposit is used. After that, we offer repayment over time with interest
