Invite. Verify. Choose. Covered.
The resident's side of Standby's security deposit alternative takes about three minutes. After that the lease runs the way it always did, except nobody is holding anybody's cash.
The first three minutes.
This is the sequence a resident sees on their phone. Click a step to pause on it.
Where the money goes.
The resident pays Standby. Standby covers the operator. The operator draws at move-out if something is owed, and Standby collects from the resident afterwards. How that differs from a bond or a policy is in our guide to security deposit alternatives.
Meet Jane. $2,000, a lease to sign, and a building that uses Standby.
One lease, both sides. What Jane sees on the left, what the Maple Court leasing office sees on the right.
- Day 0
Lease signed, invite sent
Jane: Jane gets a text and an email from Maple Court with a link. No app, no password.
Maple Court: Maple Court’s system sends the invite automatically. Nothing else changes about the lease.
- Minute 3
Verified and covered
Jane: She confirms who she is. A soft credit check runs and does not touch her score. She pays a small fee and keeps her $2,000.
Maple Court: A certificate for $2,000 issues before move-in day. Maple Court is covered.
- Monthly
The fee is billed
Jane: A small charge on the card she gave at the start. She never thinks about the deposit again.
Maple Court: Maple Court stays covered.
- Move-out
Inspect and draw
Jane: She moves out. There is a $300 carpet stain.
Maple Court: Maple Court inspects, itemises the $300 and records the move-out in their system, exactly as they do today. Standby pays the draw.
- After
Standby collects
Jane: Jane repays Standby the $300, and only the $300. Had she paid cash instead, the balance would have come back to her automatically.
Maple Court: Done. No cheque to post, no deadline to hit, no dispute to referee.
Curious how the same $2,000 fares under cash, a bond or deposit insurance? Deposits 101 follows Jane through all four.
The draw, from the operator's side.
Pick the certificate, list what is owed, send. The money is paid to your operating account. Standby takes it from there.
Never worry about deposits again.
Twenty minutes with us and you will know whether it fits your portfolio.