Skip Deposit

Skip Deposit is a financial technology company operating in the property technology ("PropTech") space. Its mission is to make renting more accessible and affordable by eliminating the need for large, upfront security deposits. Instead of paying a full deposit, tenants pay a small, non-refundable monthly or one-time fee to Skip Deposit. This fee purchases a surety bond or insurance policy that protects the landlord against unpaid rent and damages, similar to a traditional deposit. This service benefits tenants by reducing move-in costs and benefits landlords by streamlining the leasing process, reducing administrative burdens, and potentially attracting a wider pool of qualified applicants.