Tenant Insecurity: How Security Deposit “Alternatives” Raise Tenants’ Costs and Erode their Protections

Updated June 5, 2026. A previous version of this report misstated a description of LeaseLock’s product.  “PropTech” is compounding the unaffordability and precarity of securing and maintaining rental housing. The proliferation of property technology has become another way to extract profits from tenants desperate for a roof over their heads. This report focuses on one…