A security deposit solution that removes the need for upfront cash deposits

Security deposit replacement maximizes landlord and property managers efficiency and increases tenant retention

Through Urbium’s partnership with Assurely you get a security deposit solution beneficial to both landlords and tenants alike

How a security deposit solution works

Full protection for landlords and property managers

You are reimbursed if tenants defaults on rent payments or damage property 

Tenant payment flexibility

Tenants can opt for monthly payments instead of paying their security deposit upfront

100% deposit compliance

Assurely provides a complaint program to accept cash equivalent or a deposit alternative in the form of insurance

Zero administrative burdens

Assurely coordinates security deposit funds, determines payout for claims, and processes payments

How a security deposit solution helps you

Better serve existing clients

Attract and retain new clients

Increase your revenue

Industry Specific Details

Seamless, premium protection
Receive full protection against missed rent and/or damages

Eliminated administrative burden
Eliminate compliance requirements related to holding security deposits and determining claim payouts

Increased tenant attraction
Attract tenants faster by reducing their upfront cost burden and providing payment flexibility

Simple claims process
With a third party involved claims are handled seamlessly, reducing the need for costly legal help

Comparison

Assurely’s Security Deposit Solution

Flexible payment options with zero administrative burdens and 100% lease compliance for smaller landlords

Traditional Security Deposit Solution (A)

No flexible payment options, only targeting multi & single family landlords 

Traditional Security Deposit Solution (B)

Only lease guarantee with no help with compliance or deposit replacement options for all landlords

FAQ’s

  • A security deposit solution (alternative or replacement) removes the need for upfront cash deposits, allowing for greater payment flexibility and trust for landlords and tenants.

    Assurely's security deposit solution not only includes coverage for missed rents and rental payments but also protects against property damage caused by tenants beyond the scope of normal wear and tear. This includes scenarios like scratched floors, stained carpets, holes in walls, and water damage, similar to the protection offered by a traditional security deposit.

  • Tenants benefit from the security deposit solution due to the multiple security deposit payment options available, which are as follows:

    Zero down (security deposit replacement): Tenant pays monthly payments over the course of the lease period

    Partial down payment (security deposit alternative): Tenant pays part of the security deposit up front and the rest via low monthly payments over the course of lease period.

    100% deposit down: Tenant can pay 100% of the security deposit upfront at the beginning of the lease and will receive the security deposit back at the end of the lease (less any claims).

    If the tenant decides to pay with zero down or partial payment down, there is an option to include the Good Tenant Benefit. More information on this benefit below.

  • The Good Tenant Benefit allows the tenant to pay their deposit over time with the ability to get up to 70% of their monthly fees returned when they move out (less any claims paid). Overtime participating tenants will eliminate the need for monthly payments once the deposit amount is fully paid.

  • There is no cost to you as a landlord (instead, we find landlords revenues increasing with a security deposit solution).

    The cost for the tenant depends on the amount of the security deposit. If the tenant decides to pay zero down or partial with monthly payments the typical payments are $20-$30/month.

  • Yes, as a landlord you can customize the security deposit solution to each of your buildings using flexible payments. Tenants have the option to pay the security deposit with zero down, partially or full upon signing. Additionally, as a landlord you have the option of variable pricing for each tenant.

  • Collecting monthly payments from tenants is not the responsibility of the landlord. Rest assured, all payments are handled by Assurely. In the event of a claim where the tenant must pay, Assurely will handle everything.

  • As a landlord you can file a claim if the tenant defaults on their lease, fails to pay rent or utilities, or damages the property above normal wear and tear (ex. scratched floors, stained carpet, holes in the walls, water damage etc.).

  • We made the claims process simple, easy, and fast because we understand how big of a hassle it can turn into. In the event of missed rent, damages happen to the property, or another dispute occurs a simple claims form is filled out. Once the form is completed and submitted, you will hear shortly from your dedicated advisor at Assurely.

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