The BlueDuck Zero Deposit can be offered through one of our partner agents or you can contact us if you do not have an agent representative. If you normally collect the deposit yourself, you can offer the no deposit option to your tenant by simply signing up online. Visit our Landlords page to learn more about how you can benefit from BlueDuck Zero Deposit Solution.
You are covered for rental income loss or damage for your property. Based on your coverage, your compensation will be different.
The Zero Deposit solution may attract a wider audience of tenants. However, your agent will still carry out the same checks on tenants to ensure they are suitable and meet the criteria you have agreed with your agent prior to them being introduced to Zero Deposit. Furthermore, we will run a credit check with credit agency, if they have previous runaway record, we will not accept them.
The insurance cost and 1% success fee on every rental collection via our direct debit solution
No, the BlueDuck zero deposit replaces the need for a tenancy deposit, giving you effectively the same security and protection but without the hassle of collecting a traditional deposit.
While we need to ensure the claim process is smooth and faster, we would be the third party to verify whether the tenant has make the payment. All tenants needs to use our E-mandate by FPX system to make rental transfer. This is additional initiative to help landlord to get the rental on time.
A claim can be made in two ways: If your tenant leave without paying rental during tenancy or you found out that there’s malicious damage by your tenant, you can notify us of this and request to make a claim.
If there’s a malicious damage, insurance company will send in a qualified adjuster to determine the damage and claim will be pay to you once approved.
Yes, if you make a claim against your tenant, your tenant records will be in our feedback listing and in our partner credit agency. Further to that, tenant will no longer able to enjoy zero deposit in the future.