Locnest offers a service that replaces the need for tenants to pay a large, upfront security deposit. Instead, tenants pay a small, non-refundable annual fee to Locnest, which in turn provides a guarantee to the landlord for the same amount as a traditional deposit. This model aims to make renting more accessible and affordable for tenants by reducing move-in costs, while still providing landlords with financial protection against damages or unpaid rent. Founded to simplify the rental process, the company's mission is to offer a simple, secure, and beneficial solution for both tenants and landlords.

Founded in

Canada