It depends on the stage of the rental process:
During the Application Process:
– If your application is approved and you enter into a lease, the deposit becomes your security deposit.
– If you are approved but fail to sign a lease, withdraw your application, or submit false/incomplete information, the deposit will be forfeited in full.
– If your application is not approved and all submitted information is true and complete, the deposit will be refunded.
⚠️ Deposits paid by debit or credit card may result in refund delays of up to 120 days.
After Becoming a Resident:
Once your lease is signed, the deposit becomes your resident security deposit. It is refundable at the end of the lease if:
– All lease terms are fulfilled
– There is no damage beyond normal wear and tear
– No unpaid rent or outstanding charges remain
Refunds are issued in accordance with Ohio Landlord-Tenant Law.