Tenants have just asked to pay reposit

What is this…… why have they been given this option by open rent
V worried about this

I don’t think there’s anything to worry about. This is a new option offered to tenants as an alternative to having to pay a deposit, I think it’s a bit like insurance. One of my tenants has recently used reposit as they didn’t have the cash flow at the time to pay both the 1 month rent and 5 weeks’ equivalent for deposit so it was beneficial for my tenant. Sounds good in theory although I’ve not had to claim on it yet so I don’t know if the process is any different when making a claim (allowable ones under the Tenant Fees Act of course) compared to the process with a regular deposit. More info is here: https://reposit.co.uk/