do you get application fees back like security deposits? do you get em back if you DO and/or you DONT get approved for the apt.? and why would some be like $20 and others be $50,$70, $100?
2006-12-13 08:16:49 · 8 answers · asked by Lacey 4 in Business & Finance ➔ Renting & Real Estate
While you can't get teh money back, it is a fee, you are entitled to the credit report, back ground check, etc if you are rejected. Some may accept these from you instead of making you pay to have the same thing done again.
2006-12-13 08:44:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Application Fees are non-refundable, non-returnable. The fee is to process your application which will probably include any and all credit checks, background checks, judgement checks
While there is no set maximum for the application fee, there are maximums that can be charged for the credit check.
2006-12-13 10:55:45 · answer #2 · answered by AJ 7 · 0⤊ 0⤋
It is all dependent upon the apartment's policy. You usually do not get them back. They are there to pay for background, credit checks, etc. From what I have seen you will not get it back if you do not get approved for the apt. However, I have seen where if you sign up for direct debit to pay your rent, you would get the application fee back.
2006-12-13 09:08:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You don't get application fees back. It's not a deposit. The money is used to pay for credit checks, background checks, paying someone to do the checks, etc.
2006-12-13 08:26:27 · answer #4 · answered by ? 6 · 0⤊ 0⤋
The application fee is paid to the rental for the processing of paperwork and to check your credit rating. You don't get it back. You need to check with your state because some have limits as to what they can charge.
2006-12-13 08:20:46 · answer #5 · answered by Michael C 3 · 0⤊ 0⤋
Application fees are usually fees to pay for your credit report and the work involved in verifying your information. They are usually NOT refundable, even if you get denied.
2006-12-13 08:25:57 · answer #6 · answered by missyhardt 4 · 0⤊ 0⤋
the appliance cost is generic. that money is used for ahead demanding prices the owner will incur. maximum ought to pay a cost to have the credit run and when you're denied their prices are coated. even even with the reality that you do not have a job it truly is popular for all individual tenants to be on the lease. it truly is unusual for them to ask on your monetary employer account decision. i'd ask them why it truly is needed and in accordance to their answer you are able to make a call to even if to finish the appliance procedure. realtor.sailor
2016-11-26 01:23:27 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Ask the apartment manager/leasing office your questions. It varies and depends on the city where you live.
2006-12-13 08:20:11 · answer #8 · answered by newyorkgal71 7 · 0⤊ 0⤋