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What is the difference between a deposit, an administrative fee and a redecoration fee? Are they refundable?

April 26, 2017administrative deposit difference fee redecoration refundable

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What is the difference between a deposit, an administrative fee and a redecoration fee? Are they refundable?

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These fees are normally collected by the apartment community at the time of your application and are used to hold the apartment until you move in. A deposit is usually refundable when you move out, while administrative and redecoration fees are usually not.