Third-party services are increasingly being used by renters to avoid paying security deposits when signing leases. These services charge fees, and unlike traditional deposits, the fees paid will not be refunded to tenants.
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Renters Utilize Services to Avoid Security Deposits
An increasing number of renters are opting for third-party services that allow them to bypass traditional security deposits when signing leases. These services charge a fee, which is non-refundable, unlike conventional security deposits.
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More Renters Are Using Tools to Skip Security Deposits, but There’s a Catch
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Renters Utilize Services to Avoid Security Deposits