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SureDeposit Commits to California Market

CARMEL VALLEY, CA-The New Jersey-based operation is opening an office here and in Southern California to sell apartment complex owners on the benefits of providing tenants with its alternative to security deposits.

By Becky Bergman | Updated on January 15, 2001

CARMEL VALLEY, CA-SureDeposit is looking to expand its market share in California. The New Jersey-based operation is opening an office here and in Southern California to sell apartment owners on the benefits of providing tenants with its alternative to security deposits.

The company charges a one-time fee to cover the security deposit with a surety bond that has no expiration date and covers the resident for life–so long as he stays within the same company’s apartment communities. SureDeposit has signed on 50 apartment communities in California who are passing along the service to its residents, and services 200,000 renters nationwide.

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