Rental Reservation

The reservation fee serves a functional purpose for applicants who may be either waiting for application approval or simply require additional time before proceeding with a security deposit. This fee ensures the reservation of the selected property for one week, during which the property remains accessible for viewings and applications, while new applications will not be immediately approved. It’s essential to emphasize that this reservation fee is nonrefundable, highlighting its importance as a commitment to securing the property and offering a brief yet valuable window to ensure that the property remains available without concern for others securing it during this time.