Give Essential Capital Back to your Tenant’s during COVID-19 Crisis
Otso can facilitate the re-allocation or return of cash security deposits by exchanging them for our industry-first AA-rated guarantee that still provides you with the collateral and coverage needed.
Given the current environment, cash left in a deposit is wasteful when businesses have obligations like payroll, rent, supplies, equipment and a host of other concerns due to this shutdown.
We strongly believe our program is incredibly relevant in any market and that cash is always best kept in the hands of the business, not in some deposit account.
Offering Otso is 100% Free and you always have the option, there is no obligation.
A fast, secure and mutually beneficial process.
- Landlord signs up and sends tenant link, they apply for the amount of their deposit on file.
- Tenant gets approved, we issue guarantee.
Landlords signs amendment to allow for guarantee and specifically outlines that the use of the funds is to apply it to rent.