Higher Level of Protection than a traditional deposit
The UK standard for a security deposit is 6 weeks, with a DRS you get 8 Weeks rental value as standard
Quicker Move In, Shorter Voids
The move in process will be faster as the tenant will not need to find a large deposit on top of their move in costs and this means your property will be available to a larger audience as it will become more affordable, which will reduce void periods
Achieve the highest rent possible
You will be getting the best possible opportunity of getting the highest rent possible by making the rest of the moving process more affordable for the tenant.
Improved end of tenancy process
As Blinc will be dealing with the payments to yourself, once an agreement has been reached with dilapidations you will receive your money faster.
3rd Party adjudication
As with a current standard security deposit if an agreement cannot be reached between the tenant and yourself the case will be sent to a 3rd party adjudication and their decision will be final and payments will be made from Blinc to yourself on receipt of this decision.
Tenancy lifetime DRS for landlords
Unlike some other products in the market Blinc will have an agreement with you for the lifetime of the tenancy and will not rely on a tenant keeping up periodic payments.
Payments for dilapidations and unpaid rent
Blinc DRS will not only pay for dilapidations and cleaning required up to the contracted amount but also unpaid rent at the end of the tenancy.
The Blinc Deposit Replacement Scheme is Re-Insured with an A-Rated insurance company, with the Letting Agent and Landlord added as a beneficiary of this policy, meaning you are fully protected
If you have any questions about our services please don't hesitate to get in touch