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.

*This is only an estimate and your final price is subject to change based on your financial profile, verified monthly rent, security deposit and other lease terms. Your 'Application Fee' is non-refundable if you accept your 'Price Estimate' and LeaseLock initiates your background check.

 

 

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