Making it easier to rent without a deposit

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A new scheme which allows tenants to move in without a deposit could speed up the property rental process for both tenants and landlords.

The Smart Deposit Warranty allows tenants to move in without paying a large deposit and provides landlords with up to two months’ rent if things go wrong.

Independent estate agents Sims Williams have launched the new scheme through their offices in Chichester, Arundel and Walberton.

 

Protection for landlords and tenants is vital

Landlords have traditionally asked for deposits as the best way to protect their property investment against damage caused by irresponsible tenants.

Although tenants’ deposits are legally protected, it can take a long time for people to save up and can restrict their ability to move quickly.

 

Speeding up the rental process is good news for everyone

Under the Smart Deposit Warranty scheme, tenants can pay a one-off fee and move in as soon as reference checks are completed.

Landlords will attract more potential tenants and claims for damages will usually be paid within 14 days.

 

It’s all about choice

As local lettings and property management experts, Sims Williams will continue to offer nationally-recognised tenancy deposit protection schemes for tenants and landlords (Safe Agent and Tenancy Deposit Scheme) and the new warranty scheme provides an extra level of choice.

Sims Williams lettings manager David Vawdrey believes offering more choice and flexibility will strengthen the local rental property market.

“We meet lots of great potential tenants who miss out on the chance to rent one of the properties we manage because of the time it takes to save a deposit. Being able to move with zero deposit will really help them.

“For the landlords who trust Sims Williams to let and manage their investment properties, the Smart Deposit Warranty provides as much, if not more cover than a standard deposit, without much of the bureaucracy involved in setting up a deposit protection arrangement,” says David.

 

How the Smart Deposit Warranty works

The Smart Deposit Warranty is provided by FCC Paragon and is available through Sims Williams’ offices in Chichester, Arundel and Walberton.

Once the tenant referencing process has been completed, tenants pay a non-refundable warranty fee instead of a deposit. The fee is equivalent to 25% of one month’s rent.

If a property is damaged at the end of a tenancy, the landlord can claim up to two months’ rental value to put things right.

 

Sims Williams – experience and knowledge you can trust

Sims Williams has been helping people to rent, let and sell their homes since 1981 and its dedicated lettings office in Chichester manages hundreds of properties on behalf of landlords with small and large property portfolios.

If you would like to know more about our property management services or the Smart Deposit Warranty, please call us on 01243 836055 or email chichesterlettings@simswilliams.co.uk.

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What our clients say

Very helpful and efficient agents

We are really pleased with the service we received from Sims Chichester office. David and the team are very helpful and friendly. Everything went through smoothly and we are happy in our new home.
Toni & Shaun - Tenants - May 28th, 2021

Brilliant Team

I was very pleased with the service that I received from the brilliant team at the Chichester branch of Sims Williams. They were persistent with a complicated sale and always kept me informed and up to date. The team were always warm and friendly. I couldn’t have asked for any more.
Emma - Vendor - Apr 6th, 2022

AMAZING SERVICE AS ALWAYS

The team at the Walberton office go above and beyond to help. We’ve used them a few times and their friendly professional and determined team work is really quite exceptional. If you want an agent to really work for you, be approachable and understanding, then look no further.
Claire - Vendor - Dec 7th, 2020

Fabulous Service Thank you

We bought a wonderful house in Burpham through Sims and must compliment the entire team on their professionalism, follow through and continuous efficiency. Tamsin, Emma, Lynne & Helena, thank you all for your amazing work. House buying is stressful but helped when communication is clear and efficient, Sims excelled in this area. Linda & Mark x
Linda & Mark - Buyers - Nov 29th, 2021

Amazing service from start to finish

We had a fantastic experience with Sims Williams when we purchased our new home, the staff were personable, helpful and professional throughout the entire process. Would certainly recommend!
Chris Hicks - Buyer - Jul 6th, 2021

Excellent and Professional Service

Excellent service from all staff at Sims Williams when renting my property. Prompt and helpful phone and email communication to guide me through the process and make everything much easier. Would highly recommend using Sims Williams.
Helen - Landlord - Jan 18th, 2022

Excellent service

Chichester letting staff are extremely helpful, they provide a professional service and I would thoroughly recommend them.
Sid - Landlord - Jul 22nd, 2022

Amazing Service

Sims Williams we had amazing service from everyone, kept us informed all the time, Especially Mel. We would highly recommend Sims Williams to Everyone.
Ian & Patsy - Vendors - Feb 4th, 2021

SELLING MY PROPERTY

The whole process from start to finish was excellent service. I couldn’t recommend the team at Arundel more highly. A special mention to Emma Taylor who followed the final exchange through with much effort reviewing the chain that was below the buyers final completion. Well done with the final Result!
Robbie - Vendor - Dec 16th, 2020

Efficient and friendly service

We came into contact with Sim Williams as we were looking for a rental property in Chichester and we have been delighted with the service from this company. From arranging the viewing, advice and opinions over the phone, sorting out references and liaising with the landlord, the service we had from Sim Williams was efficient, very friendly and very professional. Would highly recommend!
Samantha - Tenant - Jan 27th, 2022