Real Estate: Renting without a security deposit is possible with Pautions

Pautionsthe insurance that simplifies the rental

Making life easier for tenants, by allowing them to save on the security deposit while protecting the owner as much as possible, is the ambition of Pautions. Since last July, Proptech has been marketing Zero Deposit insurance.

This insurance is the first alternative in France to the security deposit required when renting a property. It replaces the deposited amount and offers the same guarantees as a “classic security deposit”. It is accessible to everyone: employees, students, unemployed, retired, self-employed, etc., with no documents to provide. In two minutes, the tenant obtains his provisional certificate to attach to his rental file. Enough to present a serious profile!

If we have created an insurance that replaces the security deposit, it is because this is the first cause of litigation in real estate, explains Ariel Naccache, founder of Paution.fr. Tenants, owners, real estate agents, all the actors are concerned. A solution like ours exists in Switzerland, Germany, the United States… Nothing in France. We believe that, within 3 years, the “classic” security deposit will be completely abolished and replaced by Zero Deposit insurance..”

The benefits of the magic potion for tenants

Using Zero Deposit insurance allows rental candidates to save the payment of the security deposit: 1 month’s rent in the case of an empty rental, 2 months in the case of a furnished rental. An always appreciable gain when the expenses accumulate: moving, purchase of furniture, work….

The price of Zero Deposit insurance? ” It is attractive, it represents 0.09% of the amount of rentr,” says Ariel Naccache.

The benefits of the magic potion for owners

The advantage of Zero Deposit insurance for the owner? ” It is obvious. There are no fees payable by the lessor“, continues Ariel Naccache. In case of disagreement during the exit inventory, any damage is covered. Zero Deposit insurance covers them up to 200% of the amount of the rent (100% of the amount of the rent for damage + 100% of the amount of the rent for any unpaid rent). Rehabilitated, the accommodation can thus be rented out more quickly and make a profit.

Benefits for real estate agents

Pautions provides its solution free of charge to real estate agencies. The Pautions IT tool easily integrates with management software allowing you to send a subscription link to zero deposit insurance in one click (the real estate agency is paid for each subscription) and to monitor the contracts of their tenants . Other functionalities are available such as Zero Deposit insurance calculators which integrate with rental advertisements on the websites of real estate agencies.

This innovation allows real estate professionals to:

  • save time collecting and managing security deposits.
  • rent faster because rentals are without deposit which makes them more attractive.
  • stand out from their competitors.

Rediscovered trust between landlord and tenant

Pautions’ solution helps restore trust in the landlord/tenant relationship because today 2/3 of disputes between landlords and tenants are related to the return of security deposits: non-payment of the last month’s rent, disagreement on the cost and liability for damage… Pautions then becomes the intermediary between tenants and owners and everything becomes easier for everyone.

Innovation Award Finalist RENT

Pautions is one of the 8 finalists for the innovation trophy, which allowed us to meet a lot of real estate professionals, rejoices Ariel Naccache. We are happy to see the big names in real estate being sensitive to our solution and this will allow a better and fairer France. The requests for partnerships exceed our expectations so it is very promising for the continuation of Pautions. We are finalizing partnerships that will enable us to have 2,600 Pautions partner agencies. Other partnerships are being integrated such as Buy Rent, Properstar, etc. »

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