The monthly fee is based on the amount of the security deposit you want to pay. -$250 Security Deposit - The buy down monthly fee will be $45.00 for the first year, starting the 2nd year $30 per month, starting the 3rd year and years thereafter the fee is $15. -$400 Security Deposit - The buy down monthly fee will be $35.00 for the first year, starting the 2nd year $25 per month, starting the 3rd year and years thereafter the fee is $15.

No. That is one of the benfits of this program.

Yes and No. Yes, As long as your application is been approved, you are eligible to participate in the program. No, this program is only available to NEW Tenants only. Existing Tenants are not eligible to participate in the program unless they are transferring to a NEW apartment.

The monthly fee amount gets built directly in to your Lease, so you will pay it with your rent and any other monthly charges via the Tenant Portal.

No. The monthly fee is the cost to buy-down your security deposit obligation.

That depends on how long you stay. The goal of this program is to avoid having to pay large security deposits up front and tying up your hard earned cash. The program is flexible so you can opt out of it at anytime by paying the security deposit if your plan is to stay a resident long-term.

No. Unfortunately, there will not be another opportunity to enroll into this program. It must be done before you sign the Lease.

You will be charged for damages on your final reconciliation. The security deposit you paid will go towards that and if you owe a balance, then you will be obligated to pay it.

Yes, minus any unpaid charges and final utilities.

After you move out, you will receive a final reconciliation of what you owe and you will have the obligation to pay the remaining balance.

Very easily. Just let your Property Manager know, complete some paperwork, and pay the full security deposit. The amount of the security deposit equals your one month's rent.

No. The monthly fee is the cost to buy-down your security deposit and it is non-refundable.

You would be referred to a collection agency. Also, your rental history with the management company is reported to credit bureaus and would be reflected on your future credit reporting.

You will be able to remain in the program and the monthly fee for the NEW apartment will be calculated based on your total time residing at the property.

Zencorr is the property management company for Center Square Apartments.