flatfair No Deposit for Tenants | flatfair

flatfair is a great idea. Instead of shelling out on a big deposit that is essentially money I'll never see as it moves from deposit to deposit, I can use it to invest and save for my own place.

Sean, flatfair tenant

Hassle free, quick & uncomplicated. The service took away the stress & challenge of paying a deposit allowing me to move in faster. Excellent all round!

Jason, flatfair tenant

We chose flatfair because it allowed us to move into a house we really wanted, quicker and more affordably. We were young and had never been in a situation like that before so it made our renting experience a breeze. We'll be forever grateful as it was because of flatfair we could move out from our parents house and start living our own lives.

Emma, flatfair tenant

What is flatfair's No Deposit?

If you’re fed up with expensive deposits that often overlap between tenancies, flatfair’s No Deposit is the choice for you. It's an alternative to a traditional cash deposit, and great if you want an easy, fair way to pay for – or dispute – charges made by your landlord or letting agent at the end of your tenancy. When accidents happen, you should only have to pay a fair price to set it right. As well as saving you from leaving an expensive deposit, flatfair provides a simple and transparent way to pay for – or counter – any charges for damages and unpaid rent made against you. At all times, you’ll have access to an Independent Dispute Resolution service if you need it.

What are the benefits

With No Deposit, you’ll only pay a small check-in fee worth 28% of a month's rent or £120 (whichever is the greater), plus VAT, split evenly across all the tenants.

When you move out, you only pay for any slip-ups through our fair and easy check-out process. If a dispute arises, it can be resolved quickly and fairly with independent adjudicators who have extensive experience in handling end-of-tenancy disputes.*

*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.

How much does it cost?

For tenants, we charge a small, non-refundable, check-in fee equivalent to 28% of a month's rent, subject to a minimum of £120, plus VAT, split evenly between all tenants.

Do I still have to pay a deposit?

No. flatfair is an alternative to a traditional five week security deposit, you'll only pay a small check-in fee worth 28% of a month's rent or £120 (whichever is the greater), plus VAT, split evenly between all tenants.

What if I disagree with charges against me?

If a dispute arises, it can be resolved quickly and fairly with independent adjudicators* who have extensive experience in handling end-of-tenancy disputes.

*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.

When does flatfair expire?

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.

Does flatfair require tenants to be referenced?

Yes, all flatfair members must meet our minimum referencing criteria.

How do I join?

Talk to your agent for more information on how you can join flatfair.