Elevation Offers Affordability for Single-Family Renters by Adopting LeaseLock Zero Deposit
Summary
Elevation communities using Zero Deposit boast a 98 percent adoption rate among residents, and each new lease receives an average of $2,743 in protection against bad debt and unit damage. Renters save thousands of dollars at move-in, while apartment communities drive more traffic, convert more leases, significantly reduce bad debt, and eliminate deposit administration and liability. The insurtech platform provides on-demand access to asset performance metrics to quantify true enterprise impact, including bad debt reduction and NOI lift. Top ownership clients include Goldman Sachs, ColRich, GoldCor, Olive Tree, TruAmerica, White Oak, Trinsic, and Goodman Real Estate. Powered by insurance technology, LeaseLock deploys software and a proprietary AI-driven risk platform to eliminate deposits across entire rental housing portfolios while creating a modern lease experience for residents—faster, simpler, and more affordable.