BD News - New Adjustments for Unit and Room Zero Deposit
Written by: Putri Nurazmina
BlueDuck Community Executive
Pejam celik, pejam celik and it is already the end of 2021. How time flies!
We would like to thank you for your support in the past year and we look forward to your continuous support!
Our Zero Deposit was first launched in August 2020 and since then we have achieved several milestones including having more than 10 million rentals under our management and having more or less 2,300 tenancies in five states of Malaysia (KL, Selangor, Johor, Sabah, and Sarawak). We are very happy to know that our solution is addressing the three main problems in the rental market. One, landlord’s worry about the tenant’s credibility. Two, high rental deposit price which causes tenant’s decision-making speed, and three, the high competitive level among agents in closing cases.
Residential Zero Deposit Update
Two things that will be changed to the Unit and Room Zero Deposit packages once January 1st, 2022 arrives.
Change in the coverage amount for unpaid utility bills in Unit Zero Deposit packages.
Previously, our Unit Zero Deposit can cover up to 2 months of the latest unpaid utility bills in case of a runaway tenant. Now, instead of two months of utility coverage, we are now protecting the outstanding utility bills based on amount.
The maximum amount differs for each package and you may refer to the picture above to identify each package’s maximum claim amount.
Room Zero Deposit Update
The package price for Room Zero Deposit will be adjusted for increment of RM20 each. From RM126.60 to 146.60, RM147.90 to RM167.90,
RM169.00 and RM169 to RM189 while other 2 packages remains.
Room Zero Deposit was an initiative by BlueDuck and received great feedback from the rental market as it is very affordable and caters to people who prefer to rent a room instead of a unit. The average rent for a rental room is RM500 to RM800. Pairing it with the Room Zero Deposit is very affordable for a working adult as they do not have to fork out a hefty rental deposit but keep the landlord covered at the same time.
Changes come and go but our mission and vision
are still the same, that is to offer FinTech solutions to the real estate
market as an alternative to solve the market’s problems such as the hefty
rental deposit and boosting tenant’s credibility through a purchase of Tenant
Profile (like a tenant CV). From zero to thousands to millions of rentals under BlueDuck. We will keep pushing forward and adapt along the way. Looking forward to the future and thank you for your support!
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