Third-party services are increasingly being used by renters to avoid upfront costs associated with signing leases. These services charge fees, and unlike traditional security deposits, the fees paid to these services are not refundable to tenants.
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Renters Utilizing Services to Avoid Security Deposits
Renters are turning to third-party services that allow them to bypass traditional security deposits by paying fees. However, these fees are not refundable, differing from conventional deposits.
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More Renters Are Using Tools to Skip Security Deposits, but There’s a Catch
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Renters Utilizing Services to Avoid Security Deposits