LeaseLock powers a modern lease experience that totally eliminates all security deposits, surety bonds, cosigners and guarantors.
The property is protected with over $5,000 of coverage on every lease on LeaseLock’s standard plan — significantly more than a security deposit or the average bond. LeaseLock is the only nationwide lease insurance provider of its kind and works with over half of the top 10 property managers in the United States. LeaseLock deploys lease insurance through its Zero Deposit Platform, a fully integrated software which eliminates security deposits at apartment communities, with no work for onsite teams. Residents at Zero Deposit communities do not need to pay a deposit upon move-in — instead, they pay a small monthly deposit waiver fee alongside rent, to the property.