Rental Deposit Escrow
Secure holding service for rental security deposits. Protecting both landlords and tenants, earning interest while held, with fair arbitration for disputes.
100% Secure
Same-Day Setup
Earn Interest
Simple Process for Everyone
Whether you're a tenant or landlord, our escrow service makes rental deposits safe and transparent
For Tenants
Step 1
Find Your Perfect Home
Search and choose your desired rental property
Step 2
Create Escrow Agreement
Set up escrow with your landlord through Cashelio
Step 3
Pay Your Deposit
Transfer your security deposit into the secure escrow account
Step 4
Move In & Document
Complete move-in inspection with photo documentation
Step 5
Live Peacefully
Your deposit earns interest while you enjoy your home
Step 6
Get Full Refund
Receive your deposit back automatically after move-out inspection
For Landlords
Step 1
List Your Property
Add your rental property to attract quality tenants
Step 2
Screen Tenants
Review tenant applications and choose the best fit
Step 3
Activate Escrow Protection
Set up escrow agreement with your chosen tenant
Step 4
Document Property Condition
Complete comprehensive move-in inspection with photos
Step 5
Your Property is Protected
Security deposit is held safely for the entire tenancy
Step 6
Fair Move-Out Process
Document any damages and submit claims with evidence
Complete Protection for Rental Deposits
Secure Storage
Deposits held in segregated, insured accounts with bank-grade security
Automated Release
Funds released automatically based on agreed terms and conditions
Photo Documentation
Time-stamped photos of property condition at move-in and move-out
Fair Arbitration
Professional dispute resolution service for contested claims
Interest Accrual
Tenants earn competitive interest on held deposits
Full Protection
Both parties protected against fraud and unfair practices
Simple, Fair Fees
No hidden charges. Just transparent pricing for everyone.
FREE
Zero fees for tenants. Keep your interest earnings!
No setup fees
No monthly charges
Keep 100% of interest earned
Free dispute resolution
1.5%
One-time fee on deposit amount (max ₦10,000)
Only pay when you use it
No recurring charges
Maximum fee capped at ₦10,000
Free dispute resolution
* Interest rate varies based on market conditions. Current rate: 12% per annum
Win-Win for Everyone
For Tenants
Earn interest on your deposit while renting
Guaranteed refund with photo evidence
Protection against unfair deductions
Transparent process with digital records
Free dispute resolution service
No hidden fees or charges
For Landlords
Attract quality tenants who value transparency
Reduce deposit-related disputes by 90%
Faster tenant onboarding process
Legal documentation automatically generated
Professional arbitration for claims
Build reputation with verified reviews
Frequently Asked Questions
How long does it take to set up escrow?
How long does it take to set up escrow?
Setting up an escrow account takes less than 5 minutes. Both parties simply need to create a Cashelio account and agree to the escrow terms.
What happens if there's a dispute?
What happens if there's a dispute?
If either party disputes the deposit refund, our professional arbitration team reviews all evidence (photos, agreements, communication) and makes a fair decision within 7 business days.
How is the interest rate determined?
How is the interest rate determined?
Interest rates are based on prevailing market conditions and typically range from 10-15% per annum. The current rate is displayed in your dashboard.
Can I withdraw the deposit during the tenancy?
Can I withdraw the deposit during the tenancy?
The deposit remains in escrow for the entire tenancy period and can only be released with mutual agreement from both parties or at the end of the tenancy.
What if the landlord makes unfair deductions?
What if the landlord makes unfair deductions?
All deductions must be supported by photographic evidence and itemized receipts. Our arbitration team ensures all claims are fair and justified.
Is my deposit insured?
Is my deposit insured?
Yes, all deposits are held in segregated, insured accounts with our partner banks and are protected up to ₦500,000 per deposit by NDIC insurance.
