Security and Pet Deposits
Security Deposit
The security deposit is collected and deposited into a trust account or turned over to the owner. This deposit is held to cover costs to repair any damages or neglected cleaning or maintenance caused by the resident at rental turnover. THE SECURITY DEPOSIT MAY NOT BE USED AS THE LAST MONTH’S RENT! If no rent deficiency or damages exist, it is fully refundable within twenty-one (21) calendar days after vacating the premises and returning the keys and remotes to REA.
Pet Agreements and Deposits
Allowable approved pets require a pet agreement as part of the overall rental agreement and additional pet deposit as stipulated within the applicant screening criteria. If you bring a pet on-site (even for a visit) please verify if you are allowed to have pets on the property.
- Visiting pets are required to be leashed and accompanied by their owner.
- If you are thinking about getting a pet, please put your request in writing (e-mail is okay). If pets are allowed, you will have to sign a pet addendum and pay the corresponding additional security deposit. Service animals that assist residents with physical disabilities are exempt from pet deposits.
If unauthorized pets are found to be in or on the property without permission, you in breach of your contract and can be evicted.
Approved pets that are allowed are the sole responsibility of the resident. The initialed agreement states that you are and will be responsible for your pet. Your deposit covers any damages caused by your pet. At the termination of tenancy, you will be responsible, if applicable, for the deep cleaning and deodorizing of carpets, if applicable, for spraying for fleas and/or and necessary repair or cleaning due to the pet. If you fail to do this, you will be charged and it will be deducted from your pet deposit. If the expenses exceed the pet portion of the deposit it can be recovered from the remaining total security deposit.
