Badi upgrades booking system to meetgrowing demand for city living

• Demand for rent in London has nearly doubled in the last year
• There are now over 1m private renters in London
• 60% of home occupiers in London will be renters by 2025.

The demand to live in London has nearly doubled in the last year alone among those looking to move to the capital. We believe the only way to quickly meet this significant demand is to free up access to existing, spare rooms. According to recent studies, in London there are around 22,000 empty homes that could be used to create living spaces for renters.

Today we announce a major update to our booking system to make city living more accessible. The upgrade offers an additional layer of security to users when booking a room.

With the global population at its highest ever, demand to live in cities continues to rise. London is currently home to 1m private renters with forecasts predicting that 60% of home occupiers in the city will be renters by 2025. There’s a challenge to meet this demand while prioritising security and improving the experience for both tenants and landlords.

With this update we reduce risks between booking a room and moving in. The booking system has a free visual verification tool for landlords. Our team takes professional photos of the available rooms and amenities included in the listing. This additional verification feature ultimately gives tenants more confidence when booking a room.

Landlords now benefit from:

• Last minute cancellation — if the booking is cancelled at the last minute, the landlord will receive an amount equivalent to the first month’s rent from badi.
• Early departure — if the tenant moves out before the agreed date, badi will compensate the landlord with an amount equivalent to the last month’s rent while they are looking for a new tenant.
• Damages to the property — if the tenant causes damage to the property during their stay, badi provides additional coverage of up to £400, provided that they fulfil all the conditions of the contract.

Benefits for tenants include:

• Payment security: payment for the room will be released 48 hours after the tenant moves in. This gives the tenant time to check the room and report discrepancies between the listing and the property.
• Last minute cancellation: if the owner cancels at the last minute, tenants will receive support from badi to find other accommodation on the same day.

Check out our video: https://www.youtube.com/watch?v=9btk8Z9-uQQ