Hello,
Can big corporations hold $100 besides the $45 application fee while they process an application?
and can they hold the $100 for 21 days after one decided to not take the unit?
Please advise,
Thank you,

Most places I have been will charge a fee to process an application (either as an entire household, or as individual applicants over 18); and collect a reservation deposit to be deducted from move in costs (usually between $100-$200) to reserve an apartment for up to 2 weeks from date of application (or the unit ready date). If the applicant is declined, or withdraws the application; this deposit is returned to them. In CA, a deposit is refundable if the application is withdrawn by the applicant within 72 hours of application submission.


I would NEVER EVER hold a unit for more than 15 days unless the applicant is military and transferring into the area from outside CONUS.

We will hold an apartment up to 2 weeks with a security deposit. If the potential resident changes their mind, we charge them a daily rental rate (based on what the rent will be), from the time of placing the deposit until the time they change their mind. This is the charge for taking the apartment off of the market.

Sherri,
You aren't seeing anything about it in the quoted ordinance because I do not think it exists. What this language relates to is once a lease is signed. You should just call your company's attorney and ask his/her advice.
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Mindy

Thanks for the help guys. Maybe I am not reading correctly but I don't see anything that actually pertains to a fee to Hold or Take off the market?

In Oregon, we can charge a small application fee, but can not charge administration, holding, move in, pet fees, etc. The law that I quoted was for North Carolina, since that where she was asking about.