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.
01.
Replaces the traditional rental deposit.
02.
Can be added to your lease or purchased on its own.
03.
Premiums are paid by debit order.
04.
No cash deposit is held or refunded by the agent.
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:
Unpaid Rent
and Utilities
Covers outstanding rent and utilities such as water or electricity when the lease ends.
Property
Damage
Pays for repairs to damage beyond normal wear and tear, including:
• Broken windows
• Carpet burns or stains
• Damaged appliances
Excessive Cleaning
Covers extra cleaning costs if the property is not returned in a clean condition.
Lease
Breaks
Protection if the tenant ends the lease early without proper notice.
Missing
Items
Covers the replacement of missing keys, fixtures, or items listed in the inspection report.
Legal and Eviction
Legal eviction cover for Magistrates’ and High Courts. Landlords pay only sheriff’s costs.
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:
