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I/We agree to make a deposit of one (1) month's rent.Should I/We decide NOT to rent the aforementioned apartment within twenty-four (24) hours of the verbal approval of this application, the deposit may take up to two (2) weeks to be refunded. Should I/We decide NOT to rent the aforementioned apartment AFTER twenty-four (24) hours of verbal approval of an application, the deposit will be held as a security deposit to cover any rent lost incurred due to PPM taking the apartment off the rental market I/We understand that at the time of lease signing, the first month’s rent and security deposit will be due. In the event that Port Property Management rejects the application(s), I/We understand that the deposit will be returned, but any and all fees are non-refundable. |