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Security
Deposits:
Deposits average $150+ per apartment. They
may charge a deposit per roommate.
Generally, the security deposit is fully
refundable if there isn’t any damage to the
apartment home. Some use a portion of the
deposit as a fee, called an Administrative
Fee. (Ex: $200 deposit; $50 nonrefundable). |
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Credit
Requirements & Application Fee:
Most apartment community’s look at 3 items
regarding credit requirements: rental
history, income and credit history. An
application fee is charged which pays for
the application procedure. This fee normally
ranges between $15-$55. It is helpful to
have references from previous landlords
and/or mortgage companies stating prompt
payment. |
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Lease
Terms:
The lease terms are from 6 months to 12
months. Some communities offer 3-month
leases. However, a surcharge is usually
added to the monthly rent.
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Pets:
Deposits or nonrefundable fees are required
pets are accepted. Fee is partially
refundable, with the remainder refunded at
move out. Deposits range from $200-$500 per
pet. Most communities allow pets under 25lbs
or under. Some will accept non-aggressive
breeds with a higher deposit. |