Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Zero Deposit links with shared-living platform COHO
Deposit alternative service Zero Deposit has partnered with a shared-living property platform. Under the partnership, COHO tenants will be able to access Zero Deposit products as part of the tenancy application process.
For COHO's landlords, the partnership claims to provide access to regulated protection while giving prospective tenants more choice. The arrangement embeds a deposit alternative option directly into the application journey for tenants using the shared-living platform.
COHO already provides tools covering […] according to the report. The source excerpt does not specify further detail on those tools.
What it means for letting agents and inventory clerks
The partnership is relevant to letting agents and inventory clerks working in the shared-living and co-living sector, where tenancy applications and deposit arrangements are handled at scale. Deposit alternatives are an established part of the lettings market, and this tie-up extends their availability to tenants applying through a shared-living platform.
The source does not state which specific Zero Deposit products will be offered, the commercial terms of the partnership, or a launch date. It also does not include any named spokesperson comment.
Agents and inventory clerks operating in shared-living properties may wish to note the development, but should await further detail from Zero Deposit or COHO before making operational changes. The Property AI will update this brief if more information becomes available.
Source: Landlord Today