Deposit alternative service Reposit has announced a deal with a tenancy deposit protection service.

Under the partnership agents can process both traditional deposits protected by mydeposits as well as Reposit entirely through the Reposit platform. 

The partners say this integration reduces administrative steps, saves time for agents, and ensures they remain fully compliant and secure.

At the same time, tenants gain greater flexibility in how they pay their deposit.

Gurman Bains, head of new business at Reposit, says: “This partnership highlights the continued shift in the private rented sector towards simplified processes and better tenant affordability.”

Tenants who use Reposit pay one week’s rent (as a non-refundable fee) instead of five weeks’ rent while landlords benefit from eight weeks’ worth of protection against damages and rent arrears at the end of a tenancy.