What is Zero Deposit Rental?
Are you a tenant looking for a place to rent in Malaysia but have your finances tied up? Then we have the solution for you – Zero Deposit Rental! It is a unique procedure, meant to ease your financial burden by replacing the traditional 2+1 month security rental deposit.
You no longer need to pay expensive up-front fees and traditional deposits upon signing the rental agreement. Now you can spend more money on the things you love!
If you are looking to rent a property, the Zero Deposit Rental Scheme should be your top selection. Why? Zero Deposit properties get rented 5x faster than properties with hefty rental deposits!
To get you started, here is a list of top Malaysian Property Rental Platforms that provide Zero Deposit Rental in no particular order.
Mission: Speed up and simplify property management. Create a safe and secure environment for all stakeholders. Form trust between owners and tenants through transparency.
BlueDuck provides rental solutions to unlock deposit cashflow in the Malaysian residential industry. They aim to make renting better by creating a simple and affordable alternative to the traditional security deposit.
They also provide regular maintenance, inspection, and a direct debit system for the landlord.
Mission: Increase rentals and property value for landlords. Also, provide a great value alternative to tourist and business travelers.
SUBHOME is a hospitality company that manages luxury service suites in prominent locations in Kuala Lumpur and Johor Bahru. They offer Zero Deposit solutions to all their tenants. This helps you avoid financial pressures while renting a home.
Their suits offer a variety of hotel services and amenities to provide a wonderful accommodation experience for all guests.
Mission: To make home rental as great as renting and living in a 6-star hotel.
SPEEDHOME (formerly Speedrent) is a pioneer in the Malaysian trusted property rental platform offering Zero Deposit Rental in Malaysia since 2015. SPEEDHOME has accumulated more than 89k+ property listings and 517k+ tenant inquiries.
Founded by Wong Whei Meng, SPEEDHOME has partnered with Allianz General Insurance to help you rent the house of your dreams immediately without any deposit!
In a normal market 2+1 deposit rental, you have to pay at least RM 7200 to secure your dream house. However, with SPEEDHOME Zero Deposit Rental scheme, tenants only have to pay the first-month rental + SPEEDSIGN fees + 6% SST (RM2400 + RM 399 + RM23.94) which is ONLY RM 2822.94!
This can help you save up to 75% of cash flow and spend money on the things you love! You can also negotiate for the best price for your dream house within SPEEDHOME’s platform.
SPEEDHOME also provides the market’s only and exclusive service to both tenants and landlords. The pandemic is ruthless and we understand you! You can enjoy viewing the dream house at your fingertips with SPEEDHOME’s virtual viewing!
With this contactless feature, you can view the property either as a video sent by the landlord or with the help of a Homerunner on a live video call! Still unsure? SPEEDHOME provides a 3-days refundable service if the property is not like the virtual showing.
So what are you waiting for? Lease or rent your dream house at SPEEDHOME now!