> Instead of paying a full deposit, the tenant pays a non-refundable nil deposit service charge, significantly less than a traditional deposit, this can be as low as the equivalent of just 1 weeks rent plus VAT
> The Let Alliance Nil Deposit service manages payment of any entitlement for any breach of the tenancy agreement up to 6 week’s rent, via Belvoir.
> For rentals with more than one tenant, a lead tenant is nominated
> Throughout the tenancy the tenant will have tenant’s liability insurance in place – this will protect against accidental damage to your fixtures, fittings and furniture.
> The Let Alliance Nil Deposit scheme is fair for everyone; at the end of the tenancy the tenant remains liable for any damage or rent arrears. Any disputes will be handled by an independent adjudicator.
> The Nil Deposit Scheme is renewable every 6 months, with a renewal fee of £15 inc VAT which is payable to Let Alliance.