With a traditional deposit, residents pay a large sum in advance, before there’s any actual reason for charging such an amount. With Obligo, residents only pay for damages or missed rent if your property submits a charge at move-out.
It’s similar to a traditional deposit in that:
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It gives you incentive to take good care of your apartment, because you’re still accountable if there are damage or missed rent charges.
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It preserves RPPM's ability to get cash instantly, as soon as a charge is submitted, as if they had a cash deposit.
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It preserves your right to dispute charges directly with your property or via a small claims court.
Learn all about Obligo by visiting their site here.