Why? What? How? Understanding deposit schemes
What is a deposit scheme?
Deposit schemes have two client groups: homeless people and landlords. They help homeless people find and keep homes in the private rented sector, and they help landlords find tenants.
Renting privately is often out-of-reach for homeless people. This may be because of:
Deposit schemes provide landlords with a guarantee in place of a cash deposit, on behalf of the tenant. They also offer landlords and tenants a broad structure of support to ensure that a tenancy is sustainable.
To get a better idea of what deposit schemes do, read Crisis Connect’s outline of a ‘typical’ scheme.
