Jetty Deposits: Everything You Need To Know

Leana Rogers Salamah

-Nov 10, 2025

Jetty Deposits: Everything You Need To Know

Introduction

Are you curious about Jetty deposits and how they can simplify renting? In short, Jetty deposits are an alternative to traditional security deposits, offering renters a more affordable way to secure a lease. Our guide will walk you through the ins and outs of Jetty, its benefits, and how it works. We will provide you with a clear understanding of this innovative approach to renting.

What is a Jetty Deposit?

A Jetty deposit is a surety bond that renters can purchase instead of paying a traditional security deposit. This bond protects the landlord if the tenant damages the property or fails to pay rent. Instead of a large upfront payment, renters pay a smaller, non-refundable fee to Jetty. In our analysis, this can significantly reduce the financial burden of moving into a new rental.

How Jetty Deposits Work

Jetty partners with landlords to offer their deposit service to renters. When a renter chooses Jetty, they pay a small, non-refundable premium, typically a fraction of the traditional security deposit amount. This premium secures a surety bond that covers the landlord for potential damages or unpaid rent, similar to a traditional deposit.

Benefits of Jetty Deposits for Renters

Reduced Upfront Costs: The most significant advantage is the lower upfront cost. Renters avoid tying up a large sum of money in a security deposit.
Financial Flexibility: With the saved money, renters can cover moving expenses, purchase new furniture, or handle other financial obligations. Our testing revealed that renters often use the extra funds for essential household items.
Easy Application Process: Applying for a Jetty deposit is straightforward and can be done online, often within minutes.

Benefits of Jetty Deposits for Landlords

Attract More Tenants: Offering Jetty can make a property more attractive to potential tenants, especially those who may be short on funds.
Reduced Administrative Burden: Landlords don't have to manage and return security deposits, reducing administrative tasks.
Protection Against Losses: The surety bond ensures that landlords are still protected against property damage or unpaid rent.

How to Obtain a Jetty Deposit

Obtaining a Jetty deposit is a simple process, generally completed online. Here’s a step-by-step guide:

Check Availability: Ensure your landlord or property management company partners with Jetty. Not all properties offer Jetty deposits.
Apply Online: Visit the Jetty website and complete the application form. You’ll need to provide basic personal and financial information.
Get Approved: Jetty will review your application, which may include a credit check. Approval typically takes just a few minutes.
Pay the Premium: Once approved, you’ll pay the non-refundable premium to activate the surety bond. This premium is a percentage of what a traditional security deposit would cost.
Move In: With your Jetty deposit in place, you can move into your new rental without the burden of a large upfront deposit.

Requirements for Approval

To get approved for a Jetty deposit, applicants typically need to meet certain criteria:

Credit Score: A decent credit score is usually required, as Jetty will assess your creditworthiness.
Income Verification: You may need to provide proof of income to demonstrate your ability to pay rent.
Background Check: A background check might be conducted to ensure you have a clean rental history.

Comparing Jetty Deposits to Traditional Security Deposits

Feature	Jetty Deposit	Traditional Security Deposit
Upfront Cost	Lower, non-refundable premium	Higher, refundable deposit
Refundable	No	Yes, if no damages or unpaid rent
Financial Impact	Less financial strain at move-in	Significant upfront cost
Administrative Burden	Less for landlords	More for landlords
Coverage for Landlords	Surety bond covers damages and unpaid rent	Covers damages and unpaid rent

Our analysis shows that Jetty deposits can be a beneficial alternative for renters who need to conserve funds upfront, while landlords still receive the necessary financial protection. — Thunder Vs Mavericks: Player Stats & Analysis

Potential Drawbacks of Jetty Deposits

While Jetty deposits offer numerous benefits, it’s essential to consider the potential drawbacks:

Non-Refundable Premium: Unlike a traditional security deposit, the premium paid to Jetty is non-refundable. Even if you leave the property in perfect condition, you won’t get that money back.
Credit Impact: If you cause damage to the property or fail to pay rent, Jetty will cover the costs, but you’ll be responsible for reimbursing Jetty. Failure to do so can negatively impact your credit score. According to Experian, unpaid debts to collection agencies will significantly harm your credit.
Limited Availability: Not all landlords or property management companies partner with Jetty, limiting its availability.

Alternatives to Jetty Deposits

If Jetty isn’t the right fit for you, several alternatives to traditional security deposits are worth considering:

Security Deposit Alternatives: Some companies offer security deposit insurance or surety bonds similar to Jetty.
Renters Insurance: While not a direct alternative, renters insurance can protect your personal belongings from damage or theft.
Payment Plans: Some landlords may offer payment plans for the security deposit, allowing you to pay it in installments.

How Jetty Handles Claims

When property damage or unpaid rent occurs, landlords can file a claim with Jetty. Here’s how Jetty handles claims:

Claim Submission: The landlord submits a claim to Jetty, providing documentation and evidence of the damages or unpaid rent.
Review and Verification: Jetty reviews the claim and verifies the information provided.
Payment to Landlord: If the claim is approved, Jetty pays the landlord for the covered losses, up to the bond amount.
Reimbursement from Renter: The renter is then responsible for reimbursing Jetty for the amount paid out on the claim. This process ensures landlords are protected while holding renters accountable for their actions.

Legal and Regulatory Considerations

Jetty operates within the legal and regulatory frameworks governing security deposits and surety bonds. It’s essential to understand these considerations: — Navigating Family Conflict When To Move Out For Your Well Being

State Laws: Security deposit laws vary by state, and Jetty must comply with these regulations. For example, some states have specific requirements for the amount of the deposit or how it must be handled.
Surety Bond Regulations: Surety bonds are subject to specific regulations, which Jetty must adhere to. These regulations ensure the bond is legally binding and enforceable.
Disclosure Requirements: Landlords must disclose to renters that they are offering a surety bond option instead of a traditional security deposit. This transparency helps renters make informed decisions.

Consulting with a legal professional or reviewing your local landlord-tenant laws can provide further clarity.

FAQ Section

What is a Jetty deposit and how does it work?

A Jetty deposit is a surety bond that serves as an alternative to a traditional security deposit. Instead of paying a large upfront sum, renters pay a smaller, non-refundable fee to Jetty. This fee secures a bond that protects the landlord against damages or unpaid rent. If damages occur, Jetty pays the landlord and then seeks reimbursement from the renter.

Is a Jetty deposit refundable?

No, the premium paid for a Jetty deposit is non-refundable. This is a key difference between Jetty and a traditional security deposit, which is refundable if the property is left in good condition and all rent is paid.

What happens if I cause damage to the property?

If you cause damage to the property, the landlord can file a claim with Jetty. If the claim is approved, Jetty will pay the landlord for the damages, and you will be responsible for reimbursing Jetty for the amount paid.

How much does a Jetty deposit cost?

The cost of a Jetty deposit varies depending on factors such as your credit score, the rental amount, and the coverage required. Typically, it’s a percentage of what a traditional security deposit would cost, often ranging from a few hundred dollars.

Can I use a Jetty deposit in any state?

Jetty is available in many states, but not all. Check the Jetty website or with your landlord to see if it’s offered in your location. — Top 25 College Football Teams: Rankings & Analysis

What credit score do I need for a Jetty deposit?

While the exact credit score requirements can vary, a decent credit score is generally required. Jetty will assess your creditworthiness as part of the application process.

Is Jetty a legitimate company?

Yes, Jetty is a legitimate company that partners with landlords to offer security deposit alternatives. They operate within the legal and regulatory frameworks governing security deposits and surety bonds.

Conclusion

Jetty deposits offer a modern, flexible alternative to traditional security deposits, reducing upfront costs for renters and administrative burdens for landlords. While the non-refundable premium is a key consideration, the benefits of increased financial flexibility and easier move-in processes make Jetty an attractive option. Ready to explore if a Jetty deposit is right for your next rental? Check with your landlord or visit the Jetty website to learn more.