What is Jetty Deposit?

Jetty Deposit is an alternative to a traditional cash security deposit. Instead of paying the full security deposit amount upfront, a fraction of the deposit amount can be paid through either a one-time, non-refundable premium or a low, non-refundable monthly premium.

How Does Jetty Deposit Work?

Jetty Deposit provides the property with a Jetty-backed guarantee in the event of unpaid rent or damage beyond normal wear and tear.

The resident remains responsible for:

• Paying rent in full and on time
• Maintaining the home
• Paying any amounts they are responsible for under the terms of their lease

If Jetty pays the property for eligible costs on a resident’s behalf, Jetty may seek reimbursement from the resident for the amount paid.

How Long Does Jetty Deposit Coverage Last?

Jetty Deposit coverage remains active for the entire tenancy and does not need to be renewed.

For policies with monthly payments, billing will continue until the resident moves out, except where state-specific circumstances apply.

For more information about billing and payment details, please see the Billing article.