Easy Rental Deposit for your
Clients
Get your clients started on setting up their rental deposit with DepositPass and earn a commission. Open your agency account and add properties, renters, and landlords easily, DepositPass system will take care of the rest, it will automatically send signup mails for renters and landlords and get them going. Once the rental deposit is complete you will receive a commission.
Speeds up rental process
Set up your clients with DepositPass, they will complete their rental deposit in a flash.
No Costs
There is no cost for agencies, enjoy all the benefits of managing your clients’ rental deposits in one place, for free.
Commissions
DepositPass in not only free for agencies, but we also reward you for every successful rental deposit that is issued.
Easy to use
DepositPass easy-to-use platform lets you manage and track your clients rental deposits in one place.
Just sign up & follow the next steps
1. Create your account
Setup your secure account and provide us with some key information.
2. Enter property and rent details
You can create as many as you need, our system will automatically send signup mails for renters and landlords to get them going.
3. Track your clients' progress
Will show you updates on your clients rental deposit progress and inform you when it has been approved.
4. Obtain your commission
Once the rental deposit agreement is signed by both parties you are rewarded with a commission. Terms apply
Commissions
You don’t only get a free rental deposit management suite, you get rewarded every time a DepositPass is issued !
Amount of rental deposit | Letting Agent Commission |
|---|---|
£0 to £500 | £ 50 |
> £500 to £1,000 | £ 60 |
> £1,000 to £2,000 | £ 70 |
> £2,000 to £4,000 | £ 80 |
> £4,000 to £7,000 | £ 90 |
> £7,000 to £10,000 | £ 100 |
> £10,000 | Request at pricing@depositpass.com |
Choose Your Path to Rental Deposit Solutions
At DepositPass, we offer a range of channels to assist you. Whether you have questions, need support, or want to explore our rental deposit solutions, we’ve got you covered. Select the option that suits you best:
Free Consultation
Schedule a consultation to discuss how we can simplify rental deposits for you.
Chat Now
Have questions? Start a chat with our experts for instant assistance.
Policy Review
Our team is happy to review your life insurance policy to see if it’s eligible for our service.
Frequently Asked Questions
Working with DepositPass saves you time, attracts renters, protects landlords and gives you a competitive edge in the marketplace. Properties where the no deposit option is offered, if previously agreed with the renter, are more appealing to renters, while landlords appreciate the extra financial protection. As a DepositPass partner agent you will also earn commission for every introduction that leads to a DepositPass purchase. Find out more about becoming a partner by visiting the agent page on our website.
DepositPass provides cover against financial loss or damage suffered by the landlord, including unpaid rent or damage to the property for which the renter is liable under the tenancy agreement.
By offering a DepositPass on their property, your landlord will benefit from increased demand for their properties, a wider range of tenants and void periods will be reduced. This could provide landlords with greater protection than a cash deposit.
If you would like to become a DepositPass partner agent, simply visit the Agent section of our website and click on “Get Started”, after which you will be asked to submit a few details. Once you have sent in your partnership enquiry, we will be in touch as soon as possible with more information about joining DepositPass.
We keep our onboarding process as easy as possible. All we need is:
- Details about who wants to partner with us
- Your privacy notice
- Someone who is our main point of contact
- A secure business domain email address for our portal
We do background checks which you will need to agree to as part of our onboarding process.
There are written rules about what an Introducer can and cannot do, but they are very simple and we can talk you through how this works in our training.
Any tenant who owns an assignable life insurance savings plan (policy) or can provide one from a 3rd party like mom and dad, spouse, relatives, friends or any other person.
Any property, from residential to commercial ones.
We cover a range of tenancies where a traditional cash deposit would be needed. These include:
| Tenancy | Description | Covered? |
| Assured Shorthold Tenancy (AST) | In England and Wales | Yes |
| Private Residential Tenancy (PRT) | In Scotland | Yes |
| Northern Irish Tenancies | Any tenancy subject to the Privacy Tenancy (Northern Ireland) Order 2006 | Yes |
| House of Multiple Occupancies (HMO) | Properties where tenants live in the same house or building under separate tenancy agreements | Yes |
| Tenancies for Lodgers | Where you live with your landloard | Yes |
| Tenancies with Companies as the Tenant | If a company rents the property | Yes |
Yes! In cases where tenants haven’t paid landlords for proven charges, the assigned amount of the life insurance savings plan (policy) can be drawn upon by the landlord.
Renters have to be offered the choice of either a cash deposit or a DepositPass; however, many of our agents agree with their landlords that our cashless solution is very appealing to tenants.
It is completely free for agents.
DepositPass is paid for by your renter, it is totally free for landlords and agents.
Our Partner Agents earn a commission for every introduction that leads to a DepositPass purchase according to this table.
Amount of | Letting Agent Commission |
£0 to £500 | £50 |
> £500 to £1,000 | £60 |
> £1,000 to £2,000 | £70 |
> £2,000 to £4,000 | £80 |
> £4,000 to £7,000 | £90 |
> £7,000 to £10,000 | £100 |
It costs nothing to cancel a DepositPass as no cancellation fee is applicable.
There are two ways that our terms can de added into your tenancy agreement, by either adding the standard terms or a side letter can be used to accompany the agreement.
If you wish to book training with us, please contact us on info@depositpass.com
As with any other tenancy, when a renter moves out you need to go through the process of getting an independent check-out inventory and discussing any outstanding issues with both landlord and tenants. You also need to let us know that the tenancy has ended. Once the renter has vacated the property at the end of the tenancy, the landlord releases him/her or the 3rd party who provided the life insurance savings plan (policy) from the deed of assignment signed at the start of the tenancy.