Why are application fees different for each property?
Each property management company and apartment complex sets their own rates, but the purpose of the fee is always the same: to pay for the cost of running a background check on you and your guarantor. Some offices have higher administrative costs, while others keep application fees low but have higher security deposits. For example, The Quarters properties all have somewhat higher-than-normal application and guarantor fees, but offer very competitive security deposits that offset some of the costs.
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- Why are application fees different for each property?