A waived deposit move in special can save you quite a bit of money. The deposit is something there to keep the apartment building owner safe because if you move out but have done any damage to the space, they can use the money to fix it. This fee is often equivalent to or in excess of one month’s rent, and it can be even higher for pet owners. It’s an important cost to budget when moving into your new home unless you can find a way to have it waived.
Benefits of a Waived Deposit
With a waived deposit, it’s often possible to move in to an apartment with only the financial responsibility of your first month’s rent and application fees. In most cases, with this type of move in special, you’ll have to sign an agreement that states you are responsible for any damages at move out, but you’ll only be out of pocket if the specific definition of ‘damages’ applies to your unit when you leave.
Finding a Waived Deposit Move In Special
Waived deposits are often offered by apartment complexes, but they aren’t always freely advertised. Sometimes, they are reserved only for renters with a strong credit score or exceptional rental history. At other times, the property management company will require that you sign a specific lease agreement in order to qualify. In many cases, these specials are not freely advertised, so it is important to either ask for them specifically or use a reputable apartment specials website to search and see if your chosen property is offering this type of special. These sites are often free to use, and they can simplify the process of finding all of the move in specials available for apartments that meet your specific criteria.
Things to Keep in Mind if Your Deposit is Waived
If you do find a great waived deposit move in special, there are a few things to keep in mind to avoid spending an excessive amount of money at move out. First, document any problems with your apartment at move in, and make sure that your community manager is aware of them and either addresses them or makes them a part of your permanent record.
Next, keep your apartment in good shape, and make sure you take pictures of everything when you first move in and right before moving out. You do not want to have to be responsible for damages that were not your fault, and if anything is questioned, it helps to have proof of what the place looked like when you moved out.
A waived deposit is one of the many move in specials offered by the most popular apartment complexes. Remember to ask for this special when considering your favorite complex, or better yet, do your homework before searching to find the best deals and most substantial savings.
About the Author
Jonathan Leger is a freelance writer and small business owner. He also runs a popular question and answer site at AnswerThis.co.