LeaseLock Insurance Services and Boost Corporation have partnered to launch a monthly asset - based security deposit alternative for renters . LeaseLock Zero Deposit aims to cover losses usually funded by traditional security deposits and government grants . Instead of a security deposit , renters will be charged $ 1 per month for coverage against $ 5,000 in rent or damage loss on each lease . We are excited to partner with them.” The product will be available to all property owners and tenants through Boost ’s digital platform .
LeaseLock Insurance Services and Boost Corporation have partnered to launch a monthly asset - based security deposit alternative for renters . LeaseLock Zero Deposit aims to cover losses usually funded by traditional security deposits and government grants . Instead of a security deposit , renters will be charged $ 1 per month for coverage against $ 5,000 in rent or damage loss on each lease . The product will be available to all property owners and tenants through Boost ’s digital platform .