Cash Deposit vs. Reposit Timeline comparisons

Page 1

Deposit registration & check out procedure comparisons Cash Deposits - Activity List

Admin Time*

Waiting Time

Reposit - Activity List

Admin Time

Set up the Reposit (this automatically sends a payment link to the tenant to collect funds).

2 seconds - 5 minutes

Waiting Time

Collect deposit money from tenant

2 - 5 minutes

Register cash deposit with the relevant scheme

2 - 5 minutes

Carry out end of tenancy inspections

10 - 20 minutes

Carry out end of tenancy inspections

10 - 20 minutes

If no deductions - request for release of funds from cash deposit scheme

2 - 5 minutes

If no deductions, check out the Reposit. 6070% of Reposits end without deductions.

30 seconds

Send list of deductions to tenants

10 - 20 minutes Register list of deductions with Reposit and upload supporting evidence.

10 minutes

If agreed, the tenant will pay via Reposit.

0 minutes

Tenant has 7 days to respond

If disputed - upload any additional supporting evidence.

10 minutes

Disputes with Reposit are turned around in 14 days

2-5 days

Dependent on tenant response time

Discuss deductions with tenants

10 - 20 minutes

If agreed, request for release of funds from cash deposit scheme

2 - 5 minutes

If disputed - negotiate with tenants to reach a settlement

20 - 30 minutes

Submit evidence for the dispute to the adjudicator

5 – 10 minutes

Up to 3 months

Await final receipt of funds

0 minutes

3 days

Await final payment from Reposit

0 minutes

3 days

Total Process Time

68 - 120 minutes

Completely dependent on tenant response time

Total Process Time

30 - 40 minutes

10 - 20 days

*Averages based on a survey of our agents

Dependent on tenant response time


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Cash Deposit vs. Reposit Timeline comparisons by Vouch - Issuu