Deposit
All approved applications will require a refundable traditional “cash” deposit of $750. All traditional deposits are required to be paid in certified funds. Depending on your application approval (standard, conditional, or override), an additional deposit may be required. Deposits cannot be used to pay the last month’s rent. Cash is not accepted.
Surety Bond
In addition to the $750 deposit, households may have the option to purchase a Surety Bond from a pre-approved provider, as additional lease coverage towards any financial liability that may accrue during the term or exit of the lease. Coverage amounts vary based on the state and screening decisions. Policy rates are determined by the 3rd party provider.
Pre-approved Bond Provider: theGuarantors
Click here to read more about surety bond & lease guarentee coverage.
ADDITIONAL DEPOSIT Coverage Rates* By Approval Category:
Standard Approval: 1 months’ rent
Conditional Approval: 2 months’ rent
Application Override: 3 months’ rent
* Surety Bond Acceptance and Coverage Requirements Vary By State Regulations, Ask An Agent for Details.