Deposit alternative provider Reposit has partnered with Martyn Gerrard, a 14-branch estate and letting agency based in north London.
Martyn Gerrard, which recently acquired Islington-based Carlton Estate Agents, has chosen to offer Reposit’s product, which provides up to eight weeks’ cover against rent arrears and dilapidations, across its portfolio of almost 2,000 properties.
Greg Tsuman, head of lettings at Martyn Gerrard, said: “With the Renters’ Rights Bill set to transform the lettings landscape, we took the opportunity to review our suppliers ensuring we’re offering the best options for our clients and customers.
“Reposit’s authorisation by the Financial Conduct Authority (FCA) means it operates under strict regulatory oversight, which was vital for us.
“Reposit gives tenants a more accessible and flexible alternative to traditional deposits, while offering landlords up to eight weeks of protection, significantly more than the five weeks typically available with cash deposits. Reposit’s pricing structure, combining a minimal initial cost with manageable ongoing fees, aligned well with the needs of our clients.”
Gurman Bains, head of new business at Reposit, added: “Partnering with a respected agency like Martyn Gerrard reinforces how Reposit delivers meaningful value to landlords at a critical time.
“With the Renters’ Rights Bill set to introduce major changes to how landlords operate, having robust, reliable protection in place is more important than ever. Reposit offers up to eight weeks’ cover, 60% more than a traditional deposit, helping safeguard against rent arrears and property damage as financial and legal pressures increase.”
Read the orginal article: https://propertyindustryeye.com/deposit-alternative-provider-partner-with-14-branch-agency/
