Agents Mar 22, 2021 4 min read
Rent Debt Crisis: An Agent’s Call to Action
Emily Cooper, Marketing Director at Vaboo The rapidly changing property landscape is creating a new type of…
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 better protection than a traditional security deposit along with fast charge recovery – it’s win/win for everyone.
Offer No DepositBoost gives landlords the option to add on up to six extra weeks of protection to their existing protection alongside next day payouts once any damage charges are agreed. And with the price being lower than landlords insurance, upgrading to Boost should be a no brainer.
Offer BoostLandlords can offer their tenants our No Deposit solution (for a faster move-in) as a secure alternative to a security deposit.
They can also choose to top-up their damage protection with Boost.
Once regular move-in checks have taken place:
a. Tenants also choosing No Deposit, can secure their new home with just a debit card, paying a one-off check-in fee worth only one week’s rent (+VAT).
b. Landlords wanting to top-up their damage protection with Boost pay a small subscription every month (1.5% of monthly rent plus VAT).
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:
a. With No Deposit, we can cover up to six weeks worth of damages and unpaid rent, and put landlords back in pocket within 10 days.
b. With Boost, we can cover a further six weeks worth of damages and put your landlords
back in pocket the next day.
Emily Cooper, Marketing Director at Vaboo The rapidly changing property landscape is creating a new type of…
Sophie Newman Lau, Head of Sales & Marketing at Fizzy Living We all know that there are…
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 an extra week of protection compared to a security deposit and reduce move-in costs for tenants, which means much quicker move-ins. Landlords will also be able to use this along with flatfair's Boost to secure even more protection.
It's completely free for landlords. For tenants, we charge a small check-in fee worth one week's rent (+VAT).
Boost by flatfair lets landlords top-up their rental protection up to with six extra weeks of security. It also means we’ll recover costs for any tenant damages and get them to you the day after charges are agreed.
Boost can be used on top of a security deposit, or with flatfair's No Deposit option. With No Deposit, instead of paying a security damage deposit, tenants pay a one-off 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.
With Boost, flatfair will recover the costs of any damages and get them to landlords the day after charges are agreed. Landlords will also benefit from up to six weeks’ extra protection, so you can rest easy knowing your rental is in the safest of hands.
It's flexible too, landlords can top-up their existing deposit or add it to a No Deposit option if they choose to. They also get free charge recovery beyond the extra six weeks of protection if it’s needed.
It's flexible too, landlords can top-up their existing deposit or add it to a No Deposit option if they choose to. They also get free charge recovery beyond the extra six weeks of protection if it’s needed.
For Boost, landlords pay a small subscription every month (1.5% of monthly rental value, plus VAT).
For example, if your property rent is £1000, you would pay £15 per month (+VAT) to benefit from up to six weeks’ extra protection.
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.
Definitely! In cases where tenants don't pay landlords for proven charges, flatfair is insured by AmTrust Financial, an A-rated insurer.
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.
No problem. At the beginning of a tenancy, you can add Boost to an existing deposit and still get all of the same benefits.
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.