How much does LeaseLock cost?

There is a $29 fee to apply to the LeaseLock program.

Once you're approved, the LeaseLock fee is 7% to 10% of your total lease value (about one months' rent), depending on your financial profile. With our installment plan, only 50% is due upfront and the remaining amount paid over 5 monthly installments, with interest.

For example:

If your apartment rents for $1,000 per month on a 12 month term, the total lease value is $12,000 ($1,000 x 12 months). The LeaseLock fee would be between $840 and $1,200 (7% to 10% of the total lease value).

With the installment plan, the amount due at move-in would be between $420 and $600 (50% of the LeaseLock fee), with the remaining amount broken up into 5 equal monthly payments between $84 and $120, before interest.

LeaseLock costs nothing for property managers and owners.

 

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