PlanetRent: Deposit-free renting
Mary-Anne Bowring 22/05/2020
2373
Deposit-Free Rentals Made Easy with PlanetRent
Agents and landlords can now offer deposit-free rentals safely and easily with our new lettings platform, PlanetRent. According to mydeposits, the average tenant deposit over the past year was £1,299—more than half a month’s income for many renters.
A Better Deal for Tenants and Landlords
By using PlanetRent, tenants avoid hefty upfront deposits, while landlords remain fully protected. Our partnership with Reposit allows tenants to purchase a ‘reposit’ for just one week’s rent as a service fee. In return, Reposit provides 8 weeks’ market-leading property protection for landlords.
Seamless and Risk-Free Process
The entire process is automated through PlanetRent, ensuring minimal admin work for landlords. Tenant and tenancy details are automatically shared with Reposit, making the system effortless and risk-free.
The Financial Reality for Many Renters
Research by Legal & General shows that 15% of people have no savings at all, and nearly one-third have less than £1,500 in the bank. Many renters struggle to afford traditional deposits, making deposit-free renting a crucial alternative.
Supporting Tenants During Financial Hardships
A survey by the NRLA found that 90% of landlords are actively supporting tenants struggling with rent. By using PlanetRent with Reposit, landlords can accommodate tenants facing financial difficulties, including those impacted by COVID-19.
PlanetRent: Hassle-Free Lettings Automation
Our cloud-based platform, PlanetRent, takes the hassle out of renting. It’s quick, easy, and now deposit-free for tenants. Landlords stay protected while tenants move in without financial strain. Try PlanetRent today at www.planetrent.co.uk.
Planetrent Properties
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.