Reposit - Storeys now offer a deposit replacement for tenants

Security deposits are an essential part of the renting process. But they can be tough to find and may represent an obstacle for tenants who don't have lots of financial resources. That's why Storeys is offering a deposit replacement scheme that is designed to make it easier to get a foot in the door of your ideal rental home - Reposit.

Tenants and security deposits

The security deposit has been a pain point for tenants for some time. A lack of deposit may mean that certain properties are out of reach and can make the process of finding somewhere to live very stressful. However, the property world is evolving and new deposit replacement products - such as the Storeys scheme - offer innovative solutions. Reposit helps to provide landlords with the reassurance of cover while also removing the onerous financial implications of trying to get a large lump sum together before a tenancy can be signed.

A smart deposit alternative

  • Tenants using Storeys deposit replacement don't have to find a large sum up front in order to cover the cost of the deposit. Instead, it's possible to pay just one week's worth of rent as a single one off (non-refundable) service charge to provide landlords with up to eight weeks' worth of protection. If there is an issue at the end of the tenancy, such as unpaid rent or paying for damage, tenants will still need to cover the cost. However, if they can't, landlords know they are protected by Reposit.

The benefits of Storeys deposit replacement scheme

  • Reducing the cost of moving. Moving house is notoriously expensive. For many tenants, removing the need to find a security deposit on top of everything else can be a huge relief.
  • Making it easier to sign on the dotted line. Without the significant up front cost of the security deposit to find tenants often have more choice and freedom when it comes to choosing the right property to rent.
  • Landlords are still protected and so more willing to accept tenants without a deposit. There is no increase in risk exposure for landlords even though there's no deposit in the bank. If there is an issue at the end of the tenancy they are protected for up to eight weeks' worth of rent.
  • Less administration, fewer costs. There is simply less paperwork involved in a scheme like Storeys deposit replacement. This more cost effective approach means that both landlords and tenants can pay less when it comes to the process of moving in.
  • Access to savings. Tenants are free to use savings - or a returned deposit from a previous property - in ways that are more beneficial to lifestyle instead of tying it up in a deposit for a potentially unknown period of time.

If you'd like to find out more about the Storeys deposit replacement scheme - and how it could benefit you -, get in touch.


Residential lettings
We pride ourselves on being genuine industry experts, providing a positive experience, from enquiry to after care. Storeys focuses exclusively on lettings, and we value properties, we don’t just list them. Knowledge and innovation mean we can be competitive on costs while also delivering an individually tailored service.
Property management
Storeys is a bespoke offering based on the fundamental principle of value for money – we want happy customers. Paperless tech and eSigning deliver efficiency and convenience, no high street office minimises costs. The result is a streamlined service nimble enough to tailor what we do to suit your needs.
Aesthetics, natural light, building quality, and overall finish – these aren’t ‘extras’ in a Storeys valuation, they’re as much a part of the process as size, condition and location. We look at individual property potential, not generic criteria. Factors like space for modern living arrangements, such as flexible working, are incorporated too. Our valuations are all the more accurate and successful for it. There is a perfect tenant for every property if you know how to find them.
Short-term lettings
Providing value for tenants and continuity for landlords, Storeys short-term lets run from 4 weeks to 6 months. We work with major London relocation teams and a global contacts network to match international tenants to perfect London properties.
Vacant property Management
We can manage your vacant property in-between tenancies or refurbishment, giving you peace of mind that the property is being looked after and inspected on a regular basis.
Superior Marketing
There is just no comparison between static photos and VR when it comes to property marketing. VR allows tenants to do a virtual walk around and get a realistic feel for the property - their expectations are grounded in reality, and properly managed. This makes VR a very effective tool, not just for generating interest and viewings but also converting those to offers. That’s why we partner with VRPM to create a virtual reality perspective for every property we handle.
Airbnb Management
We can manage your Airbnb account and make sure each booking runs smoothly, keys are always available for handover and the property is ready for the next occupation. This can run very well alongside our short-term corporate letting service.
Rent Protection
If your tenant defaults on the rent, Storeys have you covered. We also cover your legal expsenses and pay you rental income if your property is vacant whilst we remarket for new tenants. Don’t worry Storeys have your back.*ask a member of the team for more info. This service is included for every Storeys managed property.