
What is no deposit move in?
April 26, 2022
Security deposits create as much headache as protection. For tenants, security deposits mean parking cash where it does not earn a meaningful return or provide a savings safety net. For landlords, security deposits create administrative overhead with additional bank accounts, state regulation, and calculating de minimis interest for every renter. Yes, the cash in a deposit represents a tangible option for property security. Without a doubt, the system is outdated.