Over 2 million leases have been insured as renters of all types choose to retain their cash, boosting leasing velocity and financial performance for properties

DALLAS: LeaseLock, the pioneer of AI-powered lease insurance for the rental housing industry, today announced a landmark achievement of insuring $14 billion in leases. This milestone reflects a fundamental shift in consumer preference, with over 2 million leases achieving a deposit-free experience.

LeaseLock's insurance platform modernizes the leasing process by eliminating the need for traditional security deposits. This change caters directly to the demands of today's renters who, regardless of financial situation, prefer to control their own funds for investing, saving, or spending, rather than tying them up in a deposit. By offering a simple, affordable monthly cost instead, properties can deliver the choice and convenience modern consumers expect.

While renters gain financial freedom, property owners and operators gain a competitive edge, superior protection and efficiency. LeaseLock's insurance provides more comprehensive coverage against rent loss and damage than a traditional deposit, improving cash flow while removing the burden and risk of deposit handling. The operational improvements, combined with the appeal of deposit-free leasing, help partners accelerate leasing, reduce administrative cost, and enhance overall asset performance.

“Surpassing $14 billion in insured leases reflects a fundamental shift in the market,” said Janine Steiner Jovanovic, CEO of LeaseLock. “Today’s renters expect modern, flexible solutions, and they are overwhelmingly choosing to keep their cash rather than tying it up in an outdated and unreliable deposit. We are proud to help our partners meet this demand, creating a better leasing experience that results in faster lease conversion and improved financial performance for their properties.”

In collaboration with its best-in-class partners, LeaseLock offers a fully integrated risk management suite that includes deposit replacement, fraud detection, cash management, renters insurance, credit building and financial wellness tools. Available in all 50 states, LeaseLock is a featured amenity at properties managed by some of the largest and most admired owners and management firms in the country.

About LeaseLock

LeaseLock is the only true lease insurance provider for rental housing. Our AI powered underwriting program, LeaseLock ShieldTM, predicts risk and optimizes coverage for properties and portfolios. Owners and operators gain notable profit protection while accelerating leasing, minimizing burden, and removing reputation and legal risk. With over $14 billion in leases insured, LeaseLock is reshaping the way the rental housing industry manages financial risk, while delivering significant benefits to renters. As an accredited GRESB partner, LeaseLock is dedicated to improving housing accessibility by offering renters greater financial flexibility while protecting properties against the risk of bad debt. Learn more at www.leaselock.com.

Fonte: Business Wire