What is a security deposit?

A security deposit is a refundable amount held by TouchPoint Property Management to protect against any unpaid rent, damages beyond normal wear and tear, or lease violations. It is not a prepayment of rent.

When is the security deposit due?

The security deposit must be paid in full prior to move-in, along with any applicable fees and the first month’s rent. The property cannot be occupied until all required funds have been received and cleared.

How much is the security deposit?

The required deposit amount is based on the applicant’s screening score and overall qualification results from our application process.

• 1 month’s rent – for highly qualified applicants with excellent credit, income, and rental history.
• 1.5 months’ rent – for applicants meeting standard requirements but with minor risk factors.
• 2 months’ rent – for applicants with lower scores or additional risk indicators (such as limited credit or shorter employment history).

This tiered system allows us to approve a wider range of applicants while maintaining fair protection for the property.

Is the deposit refundable?

Yes. The security deposit is fully refundable after you move out, provided that:

• All rent and fees are paid in full
• The property is left in clean, undamaged condition
• All keys, fobs, and remotes are returned
• A proper notice to vacate was given

After your move-out inspection, any deductions (if applicable) will be itemized, and the remaining balance will be returned within the legal time frame allowed by state law.