RentWerx offers a program to give approved applicants an opportunity to ease the burden of up-front expenses when leasing one of our homes by not forcing tenants to pay a security deposit. If approved for this program, the approved applicant will have the option to choose a monthly fee of $28.00 (Plus a $5.00 Admin Fee) – OR – choose the security deposit option of 2.5 times one month’s rent payable at lease signing. This is an OPTIONAL program only offered on a case-by-case basis with RentWerx maintaining full authority to rescind this offer at any time. This preferred tenant program is in full compliance with Texas Property Code 92.111.
The resident may elect to terminate the fee in lieu of a deposit and instead pay 2.5 times rent as a refundable security deposit at any time. The Security Deposit replacement shall be due upon notice of termination.
This program is only offered to well qualified applicants with the following criteria:
- Combined TransUnion Resident Score of 615+.
- This program is in full compliance with Texas Property Code 92.111.
- Pay monthly Preferred Resident Program Fee of $28.00 / month plus a $5.00 Admin Fee.
- Pre-authorize end of lease final accounting charges by providing bank account information.
For more information please read the Screening Criteria and Disclosure
