Elements of Chattanooga

Flexible Deposit Options – Designed With Your Budget in Mind At our community we believe that moving in should be simple, and stress-free. That’s why we offer flexible deposit options based on your application results—giving you more choices and control. Deposit and Fee Options: Standard Security Deposit Approved applicants may pay a fully refundable deposit equal to one month’s rent. This is due before move-in and is returned at move-out, less any applicable deductions. Deposit Substitution (Approval Fee) For reduced upfront costs, eligible applicants may choose a non-refundable approval fee instead of a traditional deposit: Standard Approval: Pay a one-time, non-refundable $300 approval fee. No deposit required. Conditional Approval: Option 1: Pay the standard one-month deposit plus a $300 approval fee Option 2: Pay a one-time $750 approval fee with no deposit required Deposit option eligibility is determined by your application screening results. Important Notes: All Approval Fees and Deposit Substitution Fees are non-refundable. Applicants must pay the deposit or fee within 48 hours of approval. If the applicant cancels after this 48-hour period: The approval fee or deposit substitution fee will be forfeited in full. If the standard deposit was selected, 50% of the deposit will be forfeited, as the unit was held and removed from the market. Deposit option eligibility is determined by your application screening results.