We understand that moving costs can add up. To help reduce costs we are proud to offer deposit-free renting to our most qualified renters to apply, and avoid the cost of putting down a cash security deposit.
There is no need to tie up your funds. The days of your security deposit money being locked away, collecting dust, are over. Residents who qualify for Obligo are not required to pay a security deposit at this community. Instead, you can give a pre-authorization, allowing your community manager to bill you up to a limited amount, just like a security deposit.
Obligo will securely test your bank account and available credit to see if you qualify for the deposit-free option. If you don’t qualify, or if you prefer to pay a conventional cash deposit, you can do so using the same online process.
Obligo members have used the deposit money they saved for savings, to invest, or to reduce debt.
If your community manager makes a charge against your pre-authorization, you will be able to pay the balance in installments using the payment method of your choice. Unreasonable charges may be disputed – just like a conventional cash deposit.