Atlas Residential - a Build to Rent developer with over 75,000 international properties - is partnering with deposit alternative supplier flatfair for its UK activities.
Atlas residents will be able to instantly secure their rental without the need to pay for a security deposit. Instead, they use a debit card to pay a one-off membership fee worth only one week’s rent plus VAT, with any end of tenancy charges settled when they leave the property.
Tenants can also build up a rental passport profile showcasing their track record to future landlords through flatfair membership.
Flatfair raised some £9m over the summer from major investors including Index Ventures, early backers of Facebook, Skype, and Just Eat, and the founder of Transferwise.
Yasmin Luscombe of Atlas Residential says: “Our mission is to achieve the highest resident satisfaction for all of our projects and partnering with flatfair will accelerate that. As we look to expand our UK portfolio, flatfair will help us to ensure that our tenant offering stays at the cutting edge of the sector.”