LeaseLock unveils security deposit alternative that lets renters pay a monthly fee instead

The push to move past the traditional security deposit is about to take a step forward thanks to a new product that lets renters pay a monthly fee instead of providing a month’s worth of rent upfront. LeaseLock Insurance Services is partnering with Boost Insurance to offer a program called “LeaseLock Zero Deposit,” which replaces the upfront security deposit with a monthly charge that renters pay as part of their rent payment.