What is Greenlight Deposit?

Greenlight Deposit replaces a traditional cash security deposit with a low-cost insurance policy. Instead of paying a large upfront deposit to your landlord or property manager, you can choose Greenlight Deposit to secure your lease while keeping more money in your pocket.

You pay a small premium for a policy that — like a traditional security deposit — protects your property owner against covered losses such as unpaid rent or excessive property damage.

Unlike a traditional cash deposit, Greenlight Deposit premiums are non-refundable. Additionally, if Greenlight Rent pays a claim on your behalf, you are still responsible for reimbursing that amount.

How to Get Started

Greenlight Deposit is available to eligible renters at properties that partner with us. The process is quick and simple:

• After your rental application is approved, your property manager sends you an invitation to enroll.
• You complete a short application in just a few minutes.
• Greenlight Rent reviews your information and provides an instant decision.

Once approved, you can activate your policy and move forward without the burden of a large security deposit.