Apartment application fees used to cost $50, if that. But now, some complexes charge hundreds of dollars for a background check.
If you're apartment hunting these days, you'll likely pay apartment application fees. While those fees used to be $20 to $50, some renters are now being asked to pay hundreds of dollars without guaranteeing they will get the apartment. But they are bitter after losing nearly $400 in application fees at the complex they really wanted.
$380 sounded steep. But desperate and with a new baby, the Willetts paid it, only to learn"our application was denied due to something being in our credit history.""I was under the impression it was going to be refundable," Erick Willet said.What can you do?Clare Trapasso with Realtor.com says application fees are the new norm for renters, and even condo buyers, to help landlords determine your eligibility.
Whether you get that money back varies by location. A handful of states have fee regulations or caps in place. But others have no limitations at all. "It never hurts to ask to get a refund," she said,"especially if you don't get the place."Some red flags to avoid when looking for a new place:- Being charged a fee if there are no units currently available. So ask in advance.
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