LendLocal's damage deposit system gives owners peace of mind and renters a transparent, fair process — so everyone can lend and borrow with confidence.
Every rental on LendLocal includes a $100 refundable damage deposit collected at booking. This deposit acts as a security buffer — it's held during the rental and returned to the renter once the owner confirms the equipment was returned in good condition.
Either party — the owner or the renter — can file a damage report directly from the My Rentals page. When a report is filed, both parties are notified immediately via email and in-app notification. The deposit remains held while the situation is reviewed.
Once the owner marks the rental as complete and confirms no damage, the deposit refund is processed immediately. Depending on your bank or card provider, funds typically appear within 5–10 business days.
Still have questions?
Reach out through the Messages feature or contact LendLocal support for help with a specific rental dispute.