Deposit-Free Renting for Qualified Renters
(Currently Available for New & Renewal Leases Only)
Deposit-Free Technology is Finally Here
There is no need to tie up your funds. The days of your security deposit money being locked away, collecting dust, are over.
Welcome to Your Deposit-Free Home
Residents who qualify are not required to pay a security deposit at this community. Instead, you can give a secure Billing Authorization, allowing your community manager to bill you up to a limited amount, just like a security deposit.
You’re Good for it
We 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 traditional deposit, you can still do so.
Don’t Spend it All at Once
Obligo members have used the deposit money they saved to invest, or reduce debt.
You’re Still Accountable
If your community manager makes a charge against your Billing 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 traditional deposit.
Deposit-Free Living Starts Here
When it’s time to pay the security deposit you’ll receive a secure link with more details.