Deposit Replacement Scheme
The new way to rent which benefits all parties involved. The Blinc Deposit Replacement Scheme (DRS) allows tenants to reduce their upfront costs of moving, provides landlords with increased cover than a standard deposit and letting agents receive commission on each DRS taken out.Book a Demo
Quicker Move In, Shorter Voids and maximum rent
The move in process will be faster as the tenant will not need to find a large deposit on top of their move in costs and this means your property will be available to a larger audience as it will become more affordable, which will reduce void periods. You will be getting the best possible opportunity of getting the highest rent possible by making the rest of the moving process more affordable for the tenant.
Improved end of tenancy process with 3rd party adjudication
As Blinc will be dealing with the payments to yourself, once an agreement has been reached with dilapidations you will receive your money faster. As with a current standard security deposit if an agreement cannot be reached between the tenant and yourself the case will be sent to a 3rd party adjudication and their decision will be final and payments will be made from Blinc to yourself on receipt of this decision.
Higher Level of Protection than a traditional deposit
Since security deposits have been capped there is less protection for landlords and if a tenant doesn’t pay their last months rent there can be a minimal amount left to cover those extra charges, with a Blinc DRS you get 8 weeks rental value as standard and can increase this to 12 weeks at your discretion.
Increased revenue for letting agents
With ever changing restrictions being places on letting agents finding extra revenue streams has never been more important. The Blinc DRS allows agents to fill the void of some other revenue streams that have fallen by the wayside in recent times with large commission being paid out on every DRS taken out.