flatfair, the safe, simple and affordable alternative to tenancy deposits, has updated its property criteria, which means that the minimum rent for flatfair properties is now just £25 per week, or £108 per month.
This new pricing structure means that even more landlords can let their properties deposit-free with flatfair, and tenants will have a wider choice of homes to rent without needing to pay a hefty deposit up front. Ordinarily, the price of flatfair membership (also known as a ‘flatbond’) for tenants stands at one week’s rent plus VAT, split evenly across the household. Under the updated system, the minimum flatbond price still stands at £120 + VAT, even for properties with a rental income of under £120 per week, or £520 per month, but these households are now eligible for flatfair membership, where they weren’t before.
For example, if Sam, a sole tenant, would like to rent a property costing £90 per week (or £390 per month) deposit-free with flatfair, the flatbond price will be £120 + VAT (rather than the equivalent of one week’s rent of £90 plus VAT).
Sam’s weekly rent: £90
Sam’s monthly rent: £390
Sam’s flatfair membership fee: £120 (£144 incl. VAT)
"Both landlords and tenants told us that they were keen to rent properties with a lower rental price through flatfair, and we’ve updated our pricing structure accordingly," explains Franz Doerr, flatfair’s Co-founder & CEO. "By reducing the minimum rental income for flatfair properties, we’re opening up the benefits of deposit-free renting to even more tenants and landlords, which is exactly what we’re striving to do."
If you’re interested in listing a property through flatfair, take a look at our property criteria, or our tenant criteria if you’re looking to rent deposit-free. You can also access our web chat service through our website if you have any questions, or just email support@flatfair.co.uk to find out more.
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