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New technologies allow multifamily owners to eliminate the need for security deposits—but why should they? According to LeaseLock, which offers a Zero Deposit program, eliminating security deposits has big benefits for both owners and renters. The benefit for renters is pretty self-evident: it decreases move-in costs. For owners, however, can accelerate the leasing cycle and increase occupancy rates.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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