A security deposit is required to secure your unit and take it off the market. This security deposit ensures your commitment to the property and holds it exclusively for you.
If you do move in, the security deposit remains in place for the duration of your lease and is held to cover any damages, excessive wear and tear, or cleaning costs assessed at move-out.
The security deposit is not applied toward rent, late fees, or any other fees associated with your tenancy. It is strictly reserved for post-move-out charges, if applicable, and will be handled in accordance with the terms outlined in your lease agreement.
If you move out without proper notice or leave unpaid rent or other balances, the security deposit will be forfeited in full or in part, as applicable.