Deposit Free Rent Powered by Obligo

New residents that are approved don’t need to pay a traditional cash deposit. There is no need to tie up your funds. The days of your security deposit money being locked away, collecting dust, are over. Residents who qualify for Obligo are not required to pay a security deposit with EVERGROW Property Management. Instead, you can give a pre-authorization, allowing your property manager to bill you up to a limited amount, just like a security deposit.

Obligo will securely test your bank account and available credit to see if you qualify for the deposit-free option. If you don’t qualify, or if you prefer to pay a conventional cash deposit, you can do so using the same online process.

Obligo members have used the deposit money they saved for savings, to invest, or to reduce debt.

If there are no damages or missed rent when you move out, you will be notified by email that your Billing Authorization with Obligo has been released, and there’s nothing more to do!

In the case that there are damages or missed rent, EVERGROW will make charges against your Billing Authorization, and Obligo will advance payment to your property manager on your behalf.

You then have the flexibility to pay Obligo back for those charges in either a lump sum or in interest-free installments

When it’s time to pay your security deposit you’ll receive a secure link to join Obligo, with more details about this service. If you didn’t receive an invite or if you have any questions, you’re welcome to visit us at: www.myobligo.com