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DepositFREE™

For tenants who want to rent without paying a deposit

Renting isn’t easy, especially when you have to come up with the rent as well as two months’ security deposit, all in one go. That’s why HouseME has come up with a tenant-friendly solution that allows you to pay a little extra on your rent each month in exchange for not putting down a deposit at all. 

Rental home interior with zero deposit

How does DepositFREE™ renting work?

How to rent without paying any deposit
  • Find your home

    Tell us what you’re looking for and we’ll send matching homes your way, or head to any online marketplace and simply search ‘HouseME’ to browse what’s available.

  • Take a closer look

    Found something you’re interested in? Respond to the ad to stay up to date on its price, what’s included and what’s not. Plus you can book a convenient viewing time with the click of a button.

  • Apply online

    Do everything online and paperless – from making a competitive offer on the property to the actual application form. Our verifications team will let you know if you qualify for a DepositFREE™ lease.

  • Move in

    Sign your lease and choose between one month’s deposit or no deposit at all. Set up your debit order online, and once we've collected the first payment you can arrange your move-in.

  • Enjoy your new home

    During the lease we'll support you with speedy maintenance response and lease renewals. When it’s time to move out, you won’t get a deposit back. Instead, we’ll invoice you for any damages that are not fair wear and tear.

What are the benefits of DepositFREE™ renting ?

Extra cash in a time of need

By saving on the upfront cost of paying the deposit, you’ll have more cash to help you move or buy new furniture.

Secure your dream home

We understand that you could still be waiting for your deposit payout from your previous rental. Don’t miss out on your dream home because of that cash crunch.

Peace of mind

By renting DepositFREE™, you’ll also enjoy all the other benefits of HouseME: digital application, extra low fees, secure payments, data privacy and speedy maintenance.

So how do I get DepositFREE™?

It depends what your current rental situation is. If you’re still looking for a property, you can start by browsing HouseME’s properties. If you are about to sign a new lease with a property that isn’t with HouseME, you’ll need to convince the landlord to rent through HouseME. This is because rent collection happens through our system, which the landlord needs to agree to. The same applies if you are already living in a property and want to get your deposit back early.

Looking for a property?

Already have a property?

If you don’t want to forego the deposit altogether, but just want to spread your deposit payments over a few months, DepositFLEX™ may be a better product for you. It is a flexible deposit payment plan tailored to your needs.

How much does DepositFREE™ cost?

6%

of the monthly rental for the duration of the lease

 

+ our admin fee of R350, which is only charged once you successfully start the lease, and we won’t charge you again if you renew the lease.

DepositFREE™ can only be taken out if you pass our financial verification

Available nationwide

Frequently asked questions

Tenants who pass the standard HouseME vetting, and set up a debit order from a South African bank account can choose this option.

Tenants are still invoiced for any property damage or utilities (any deposit claim) at the end of the lease and HouseME will run a debit order for the amount invoiced.

Yes, you are able to pay your deposit during the course of the lease and the DepositFREE™ fee will not be charged once the Deposit is paid in full.

Yes, all HouseME properties do come with this add-on product, with the exception of our properties at the V&A Waterfront.