Double your protection against non-paying tenants. Our Deposit Replacement solution gives landlords 12 weeks’ worth of protection instead of just 5 weeks’ that traditional rental deposits provide. The best bit? It’s free.
It’s free for landlords. Tenants pay a small fee equivalent to just one week’s worth of rent, taken at or before the start of the tenancy.
Wave goodbye to just 5 week’s worth of protection and relax knowing that you’re covered for 12 week’s worth of rent.
If you struggle to reach a resolution, we’ve partnered with RICS, a professional adjudicator to help reach an agreement.
Deposit replacement for landlords offers you essential protection against non-paying tenants.
Here at Mashroom our landlord deposit scheme replaces traditional deposits with a secure, deposit replacement solution.
This should all offer you extra peace of mind when unfortunate or difficult conversations or situations arise.
Yes absolutely. It gives you more than 60% more protection than normal deposit schemes.
You can wave goodbye to just five weeks’ worth of protection and relax knowing that with Mashroom Deposit Replacement you’re covered for 12 weeks’ worth of rent.
Offering you a far greater level of security should anything go awry.
Mashroom’s Deposit Replacement offers more protection (up to 12 weeks’ worth of rent or 60% more rental coverage compared to a traditional cash deposit of 5 weeks’ rent) for EXACTLY the same cover.
It also means your home is more affordable and attractive to tenants when they are looking to move, which reduces void periods and makes letting faster and easier. This is especially useful now, as the cost-of-living is rising so much.
Deposit Replacement makes renting more affordable and appealing to tenants, meaning you’ll get more interest on your property and rent it faster.
Instead of tenants having to come up with 5 weeks rent in cash upfront when moving in, they can pay into the rental deposit scheme, making it a more affordable and more flexible option.
If you struggle to reach a resolution, we’ve partnered with RICS (Royal Institution of Chartered Surveyors), who act as professional adjudicators to help reach an agreement.
We pay landlords first, while we handle recouping from the tenant, all under our Mashroom guarantee.
As this is not a traditional cash deposit, you don’t need to register with a protection scheme.
If you take and hold a cash deposit, it’s important to remember that by law, you must register with a protection scheme. If you don’t, you can be taken to court and face hefty fines.
Instead of a registration certificate, we’ll issue you with a Mashroom guarantee, and this can act as extra peace of mind for you without the worry of having to go down the deposit protection scheme route.
Just like a traditional deposit, you claim from your tenant for any damage or unpaid rent.
Any disputes that cannot be resolved between landlords and tenants will be advanced to independent adjudicators.
Our Mashroom guarantee will cover what you are owed if a tenant fails to pay for damage or unpaid rent. From time to time, unfortunate circumstances or disagreements can occur.
Mashroom guarantees our landlord deposit scheme, for extra peace of mind for you, the landlord.
Under our landlord Deposit Replacement scheme, you will be afforded the same cover as a traditional deposit scheme, protecting you against unpaid rent and damage to the property.
However, our Deposit Replacement covers up to 12 weeks’ worth of rent – more than double the average traditional cash deposit of just 5 weeks’ rent.
Cover lasts 12 months, and if your tenant’s tenancy period is longer than 12 months, we’ll offer you a free renewal of another 12 months. We will take care of reminding you so you can get on with other things.
Most homes qualify for Deposit Replacement, and we’ll notify you of eligibility as soon as you start listing your property with us. All you have to do is follow the steps above to list your property now and we will take care of the rest.
Yes. We are very belts and braces here at Mashroom and make sure that everything is safe, above board and totally legal compliant! We dot the i’s and cross the t’s and so we have partnered with an experienced and highly reputable insurer to ensure extra peace of mind and protection to both landlords and tenants.
Yes. We offer a referencing service from our trusted provider, RentProfile for just £15 per tenant.
You can access your guarantee by logging into your dashboard where it will be stored. Here at Mashroom, our Document Storage Tool, is a brilliant option for saving a copy of all your documents and paperwork. You can also set reminders of expiry dates for compliance certificates and insurance products to make sure you never miss your checks or mislay your paperwork again!
