We require a $100 holding fee in the form of a check or money order along with your application. There is also a $40.50 application fee per applicant (extra $5 if you've lived in Idaho) charged by ACRAnet, which can be paid with check, card, and money order. Co-signer applications are $12.50 per applicant. The holding fee is not cashed while your application is processing. If you are approved and you sign a lease with us, the holding fee will be credited towards your deposit. If you choose to pull your application before we write up a lease, your holding fee will be returned to you (this is why we require a physical check or money order only).
However, if you choose not to sign the lease before the deadline given, you forfeit your holding fee. The reason for this is to compensate the owner of the rental for the time and risk involved in removing a unit from the listing while we process an application. In a situation where we have kept it off the market for several days, even a week, and the lease has been prepared and not signed, this holding fee compensates the owner for the loss of other potential tenants due to removing the unit from the market.
