What Is A
Security Deposit
Alternative?
The security deposit alternative is a substitute to a traditional security deposit that allows you to lower your move-in costs.
FAQ
Frequently Asked Questions
How do I sign up and what is the qualification procedure?
Simply sign the Security Deposit Alternative addendum provided by the community leasing staff. Your approval to live in the community automatically qualifies you to use our Security Deposit Alternative. If your application is approved conditionally you will be required to use the Security Deposit Alternative.
How often do I need to pay for the Security Deposit Alternative?
It is a one-time payment made at move-in. There are no additional payments required throughout your residency with us.
What if I leave early or transfer apartments?
If you vacate the apartment early, the Security Deposit Alternative payment is not refundable. Please consult the manager for your community’s specific policies on apartment transfers.
If I have a roommate, does my roommate also need to pay for the Security Deposit Alternative?
There is only one payment required per lease, even if there is more than one leaseholder.
Is the Security Deposit Alternative payment refundable?
The payment is not refundable.
What happens at move-out if I honor the terms of my lease?
You do not have any further obligations to your community.
Need More Information?
Contact us for more information, or to sign up to qualify for your Security Deposit Alternative.
