All they do is turn your one time security fee (which covers move out expenses) into a monthly charge that covers nothing. I can find no benefit to the renter, other than the lack of upfront cost. LeaseLock does not help the renter at move out. All of the payments to lease lock go down the drain.
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LeaseLock Zero Deposit™ totally eliminates all deposits, bonds, cosigners, and guarantees. Renters pay a fee starting at $19 per month that generates over $5000 in coverage for the property on every lease. Renters save thousands of dollars at move-in, while properties drive more traffic, convert more leases, significantly reduce bad debt, and fully eliminate deposit administration and liability.See more
