Square Yards launches ‘Zero Deposit’ program for property renters
Gurugram: Property brokerage firm Square Yards has now launched a ‘Zero Deposit’ programme for property renters under which provides a kind of guarantee to the landlords for compensation if the tenant defaults on the payment of rents.
The programme can work wonders for tenants of residential properties from paying big security deposits.
Tanuj Shori, Founder and CEO, Square Yards said, “or too long, large deposits have been a burden for the home finders. With our new innovative product, Tenants now don't need to cough up deposits and can seamlessly move into professionally managed homes without taking personal loans and withdrawing their savings. Through this disruption, we are looking at a future where deposits are a thing of the past. We aim to close 10,000+ rental transactions through this program by the end of next year”.