DepositSafe
Your deposit, protected.
DepositSafe is a simple, affordable alternative to the traditional rental deposit. Instead of paying a large cash deposit upfront, tenants pay a small monthly premium, while landlords still enjoy strong financial protection.
How DepositSafe Works.
Cover is linked to the selected protection amount, with options up to R50,000.
Deposit
Protection
Risk
Value
R 5,000.00
R 7,500.00
R 10,000.00
R 12,500.00
R 15,000.00
R 20,000.00
R 25,000.00
R 30,000.00
R 35,000.00
R 40,000.00
R 45,000.00
R 50,000.00
R 200,00
R 255,00
R 305,00
R 357,00
R 398,00
R 497,00
R 568,75
R 665,00
R 756,00
R 810,00
R 920,00
R 1 050,00
What is Covered
Coverage is limited to the chosen protection amount:
Who REX is for.
Comprehensive protection, where it matters most.
Legal & Eviction Assistance
DepositSafe includes legal cost protection of up to R40,000 for eviction proceedings when required.
• Covers Magistrates’ and High Court evictions.
• Applies when a tenant refuses to vacate after valid legal notice.
• Landlords are only responsible for sheriff’s costs.
This applies if the lease is lawfully terminated due to:
• Non-payment of rent
• A serious breach of the lease
• Failure to move out at the end of the lease.
Legal Associate:
