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Fee Transparency Guide

Fee Transparency Guide

For transparency, we've put together a list of fees you may pay as a resident. Some of these fees are required, and others are optional. In order to calculate the total monthly expense of renting your apartment home, take your unit's "Base Rent" (i.e. the monthly cost of your apartment home without factoring in any additional fees), and add in any fixed costs, usage-based expenses, and optional extras. If you have any questions, please reach out to us directly, we would love to hear from you! 
 
Fee Category Fee Name Fee Description Amount Frequency
One-Time Charges Deposit, Refundable Amount given as security to provide
protection against damage, loss, or failure to meet lease obligations.
$250 One Time
One-Time Charges Pet Deposit, Refundable Amount given as security against damage, loss, or failure to meet obligations $300 One Time
One-Time Charges Application Fee Amount to process application and initiate screening. $25/applicant One Time
Optional Monthly Costs Pet Rent Monthly pet rent per apartment. $35 Monthly
Optional Monthly Costs Community Waiver Program Amount for renters waiver of liability insurance. Third-Party Waiver program satisfying lease insurance requirements. $16 Monthly
Situational Fees Additional Deposit Extra refundable deposit for added risk, damages, or lease conditions. 1/2 month to 1 month rent worth Per Occurrence
Situational Fees Late Fee Penalty for rent or fee payments made after the due date. 5% of rent Per Occurrence
Situational Fees Non-Sufficient Funds (NSF) Fee Charge for returned payments due to non-sufficient funds. $20 Per Occurrence
Situational Fees Replacement Devices Amount to replace lost or damaged key, fob, or remote devices. $50 Per Occurrence
Situational Fees Legal / Eviction Fees Costs associated with an eviction proceeding. Varies Per Occurrence
Situational Fees Liquidated Damages Charged based on actual expenses billed to the property as a result of damage. Varies Per Occurrence
Situational Fees Additional Deposit Extra refundable deposit for added risk, damages, or lease conditions. 1/2 month to 1 month rent Per Occurrence
Situational Fees Intra-Community Transfer Fee Charge for transferring to another home within the same community. $500 Per Occurrence
Situational Fees Concession Repayment Tenant repayment of rent discounts if lease
terms are not met.
Varies Per Occurrence
Situational Fees Renter’s Liability Non-Compliance Fee for not maintaining required
renter’s liability insurance coverage.
$16 Per Occurrence
Situational Fees Utility – Vacant Cost Recovery Utility costs incurred while the unit
was unoccupied.
Usage based Per Occurrence
Situational Fees Damages Charges based on actual expenses billed to the property as
a result of damage.
Varies Per Occurrence
Situational Fees Early Lease Termination / Buyout Buyout for ending lease
agreement before its scheduled end date.
Varies Per Occurrence
Variable Monthly Costs Sewer Amount for provision of sewer services. Varies – formula, ratio billing Monthly
Variable Monthly Costs Stormwater Amount for provision of stormwater services. Varies – formula, ratio billing Monthly
Variable Monthly Costs Water Amount for provision and consumption of water. Varies – formula, ratio billing Monthly
Variable Monthly Costs Electric Amount for provision and consumption of electric. Varies – formula, ratio billing Monthly
Variable Monthly Costs Gas Amount for provision and consumption of natural gas. Varies – formula, ratio billing Monthly
Variable Monthly Costs Internet Amount for internet services. Varies Monthly