…our Affordable Security Deposit Choices!
Are you looking for a convenient way to secure your new rental property without the hassle of a traditional security deposit? We understand that moving can be financially demanding, which is why we also offer you two fantastic Affordable Security Deposit Choices. Each option is designed to give you flexibility and peace of mind while making your move-in process smoother than ever.
Please inform the Leasing Consultant on what option works best for you.
Option 1: 8% of Rent for the Lease Term (Non-Refundable)
Description: With this option, you can secure your new rental home by paying only 8% of your monthly rent for the entire lease term. This amount is non-refundable and serves as a cost-effective way to move in without a significant upfront payment. At the time of move out if there are any tenant caused damages that are in excess of the monies collected the tenant would be invoiced for the additional costs they are liable for per the lease agreement.
Benefits:
Low Upfront Cost: By paying just 8% of your monthly rent, you'll enjoy a budget-friendly move-in option.
Immediate Move-In: Once the payment is made, you're all set to move into your new home without further deposit concerns.
Predictable Budgeting: Since the cost is fixed, you can easily budget for your monthly payments.
Option 2: Obligo
Description: Make your rental process as simple as checking in and out of a hotel. We have partnered with Obligo to allow qualified renters to skip paying a security deposit all together. Through the Obligo platform, you authorize 208.properties to charge you up to your security deposit amount for any damages, violations or missed rent. Any balance can be repaid in installments. You maintain the right to dispute charges with your property manager - just like a traditional deposit.
Benefits:
Use your deposit cash to invest, save or spend.
Move in right from your phone. No need to go to the bank.
No waiting for your deposit back via snail mail!
Obligo has several methods to instantly qualify for deposit free living. Most renters will qualify by connecting one US bank account.
Both options are subject to application approval and the terms and conditions outlined in the lease agreement. Each option is designed to make your move-in experience smoother, allowing you to choose the best fit for your financial circumstances.
We're committed to providing you with flexible solutions that suit your needs while ensuring a positive renting experience. If you have any questions or would like more information about our "No Money Down" security deposit options, feel free call our office at 208.806.1648.
We look forward to welcoming you to your new home!