JACK and LANDLORDS The Landlord's Alternative Tenant Discount Finance Option to Security Deposits

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The practice of renters putting down a month’s rent as security deposit is going the way of landline phones: not so long ago, everybody had one, but they’re quickly becoming a relic. BY DENNIS RODKIN


By contracting with Jack and Landlords, landlords receive a full month's rent guarantee for damages and unpaid rent. And best of all, tenants pay the cost for the landlords' protection over 12 equal monthly payments along with their rent each month. Why use Jack and Landlords:


  • A discounted, same as cash, alternative finance option to tenants
  • An alternative to multiple months of security deposit for landlords that require 2 or more months. Tenant agrees to one month's security deposit and guarantee for the second month.
  • Tenants are left with move in cash
  • No more large cash outlays from tenants
  • No more tenant disputes over security deposits
  • No more court dates
  • Tenants walks free and clear of no reimbursements of claims

The cost is just 65% of your tenant's 1st month's rent paid over 12 equal payments. After the twelfth payment, payments drop off and your guarantee stays effective until your tenant terminates their lease. Your guarantee covers up to the full amount of your tenant's 1st month's rent.


Payments are due when you receive your tenant's rent each month that includes the cost of the guarantee. Landlords complete their own addendum with tenants for adjusted rent to include guarantee cost. There is no due date each month.


Jack and Landlords Is The Landlord's Alternative Tenant Discount Finance Option to Security Deposits

Supporting Articles:

Security Deposits? In Massachusetts, They Are Not Worth The Risks

I advise all my Landlord clients to not collect a security deposit.


Landlords appeal to Chicago City Council for security deposit reform

As the ordinance now exists, Windy City landlords must pay two times the deposit and interest as well as cover any legal fees incurred by their tenants if the deposit repayment is off, sometimes by as little as one cent.


Why Some Chicago Apartments Don’t Need a Security Deposit

The practice of renters putting down a month’s rent as security deposit is going the way of landline phones: not so long ago, everybody had one, but they’re quickly becoming a relic.

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