Here’s how we compare side by side
Tenants, landlords and agents everywhere think flatfair is the best deposit-alternative choice on the market.
|Protection for landlords||12 weeks||8 weeks||6 weeks||8 weeks|
|Typical cost to tenant||1 week’s rent + VAT||10% of deposit + VAT||1 week’s rent||1 week’s rent|
|Can be used to release a deposit within existing tenancy?||✔||✔||✔||✘|
|Admin fees||Free||£30||£26||£30 per move-in or year spent in tenancy|
|Offers commission to estate agents?||✔||✔||✔||✔|
|Who pays for the policy?||Tenant||Tenant||Tenant||Tenant|
flatfair isn’t regulated, and here’s why…
We’re not an insurance product, we’re something better
The end of tenancy process works a bit like a hotel – tenants simply pay any damages or rent arrears when you move out of the property, which are easily negotiated using our fair and impartial technology platform.
As a non-insurance based deposit alternative, the FCA innovation hub along with a government backed dispute resolution scheme advised that flatfair wouldn’t need FCA insurance regulation.
To add an extra layer of protection, flatfair is insured by A-rated financial institution, who are themselves FCA regulated and protected by the FSCS.
All of this ensures flatfair is safe and secure for agents, landlords and tenants.