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Is the deposit really non-refundable?

April 26, 2017deposit non-refundable

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Is the deposit really non-refundable?

1 Answer

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Posted

Yes. We ask for a non-refundable $500 deposit with the application because upon receipt of that application, we take one of our rooms off the market. If the applicant drops out of the application process at any time between our receipt of the application and move-in, the deposit is forfeit. Once the applicant moves in, the deposit is then applied as a security deposit for the duration of their stay with us.