Agents Oct 05, 2023 3 min read
Our partners put common flatfair myths to bed
Due to deposit alternatives such as flatfair No Deposit not being the “traditional” way of securing a…
Tenants can secure their new home with a small check-in fee and pay for any slip-ups when it’s time to move out. Landlords love it because they get up to 10 weeks’ protection along with fast charge recovery – it’s win/win for everyone.
Offer No DepositLandlords can offer their tenants our No Deposit solution (for a faster move-in) as a secure alternative to a traditional deposit.
Once regular move-in checks have taken place, tenants also choosing No Deposit can secure their new home with just a debit card, paying a one-off check-in fee equal to one week’s rent (+VAT).*
*Or £120 whichever is greater. Non-refundable and does not count towards any end-of-tenancy charges.
When it’s time to move out, all of the regular end of tenancy checks still take place. Tenants receive a check-out bill if there are damages or unpaid rent.
If a dispute arises, it can be sorted out quickly and fairly with government-backed independent adjudicators.*
Once charges are established and agreed with No Deposit, we can offer up to 10 weeks' worth of protection, and put landlords back in pocket within 10 days.
Due to deposit alternatives such as flatfair No Deposit not being the “traditional” way of securing a…
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flatfair No Deposit is the simple and safe alternative to security deposits. Instead, tenants pay a small check-in fee worth only one week’s rent or £120 (whichever is the greater), plus VAT, split evenly across the household, as well as any damage costs or missing rent being paid for when it's time to move out. flatfair helps landlords and tenants settle any disputes quickly and fairly with Independent Dispute Resolution, with charges recovered and paid to landlords once charges are agreed.
With No Deposit, any tenant charges are recovered and paid to the landlord once charges are agreed. Landlords also get up to 5 extra weeks of protection compared to a security deposit and reduce move-in costs for tenants, which means much quicker move-ins.
It's completely free for landlords. For tenants, we charge a small check-in fee worth one week's rent (+VAT).
Cutting-edge technology means your landlords will get paid any charges from tenant slip-ups within 10 days of charges being agreed. By covering the costs for any damages or missing rent ourselves, hold-ups due to 'frozen' (where tenants don't respond) or 'withheld' (where ongoing litigation results in delays) deposits are no longer an issue, so you won't be out of pocket.
No. Our award-winning rental solutions company isn’t insurance – it’s something better. We’re discretionary, so we judge every case based on its individual merit as well as our clear and transparent terms and conditions. That means we can avoid rigid policy checklists and keep things flexible. It also means we can process charge recoveries more quickly, so landlords can rest easy knowing their rental is in safe and secure hands.
flatfair simplifies the charging and negotiation process between landlords and tenants. All you need to do is upload evidence and submit your charges directly on flatfair's easy-to-use online platform.
flatfair’s security expires in line with the tenancy end date, or after 24 months (whatever comes first). It can be extended at any time through the flatfair platform, free of charge.
Yes, all flatfair members must meet our minimum referencing criteria.
flatfair works with government-backed independent adjudicators* in the case of any disputes between the landlord and tenant. These are handled quickly and fairly to ensure a seamless check out process.
*Landlords need to pay a £100 adjudication fee, which will be refunded if at least 75% of the proposed charge is adjudicated in your favour.
Tenants need to pay a £25 adjudication fee, which you’ll get back if the amount awarded by the adjudicator is less than the proposed charge.
Talk to our team at sales@flatfair.co.uk or get started on our website.