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Security deposit and refunds

How much the deposit is, what can be deducted, and when it is refunded.

How much is the deposit?

The security deposit is one month's rent for all homes, furnished or unfurnished.

For example, the deposit for an apartment at $2,450 a month is $2,450.

When is it refunded?

Your deposit is refunded within 30 days after the move-out inspection (or sooner if local law requires), provided that:

  • all rent and fees are paid
  • your final electricity (and gas, where applicable) bill confirmation has been provided
  • keys, key fobs and parking tags have been returned

Possible deductions

  • Damage beyond normal wear and tear (for example holes in walls, broken fixtures, or stains that need replacement)
  • Repainting, if the walls were painted a non-standard color
  • Professional cleaning, if the home isn't returned in a clean condition
  • Unpaid rent, bills or fees

Deductions are itemized with photos in your move-out report. The refund is paid by direct deposit to the account you give us, or by check to your forwarding address.