LeaseLock Zero Deposit™ totally eliminates all deposits, surety bonds, cosigners and guarantors. Renters pay a fee starting at $19 per month that generates over $5000 in coverage for the property on every lease. Renters save thousands of dollars at move-in, while properties drive more traffic, close more leases, significantly reduce bad debt, and fully eliminate deposit administration and liability—current clients are measuring NOI lift of $100k+ per property annually.
LeaseLock has insured over $100 million in leases backed by insurance rated A (Excellent) by A.M. Best. LeaseLock secured $10 million in Series A financing from leading insurance and real estate technology venture funds including, Liberty Mutual Strategic Ventures, American Family Ventures, Wildcat Venture Partners and Moderne Ventures. Over 1 million apartments launching across the NMHC Top 50 including Greystar, Avenue5 Residential, First Communities and The Bainbridge Companies.