Apartment Rental Pricing and Costs

We want to be fully transparent about the various amounts you will be paying for living in your apartment so that you can make an informed financial decision. This guide lists the recurring monthly costs as well as the one-time payments you will incur in addition to your base monthly rent. Please review this information and reach out to us with any questions you may have.

Recurring Monthly Costs

Base Monthly Apartment Rent

This amount is the base monthly apartment rent paid by you as stated in your lease.

Additional Monthly Costs for Utilities

• Water and Sewer: Water and sewer costs are billed to you monthly by a third-party billing service using a Ratio Utility Billing System according to the size of your apartment and the number of residents in your apartment, with these amounts payable directly to the Landlord.
• Electricity: After you establish an account with Pepco, you will receive a monthly bill from Pepco with the cost of electricity used in your apartment.
• Cable and Internet: An account for cable and internet service with any available provider pre-wired for the building can be arranged by you and directly billed to you by the service provider, with the monthly cost dependent on the service you choose.

One-Time Costs

Application Fee — $54

A one-time, non-refundable application fee of $54 is due with your rental application. Each occupant over the age of 18 must submit a separate application with its own fee.

Apartment Reservation Deposit — $600

An apartment reservation deposit of $600 is also due with your application.

• If your application is accepted, the $600 will be applied to your rent when you move in.
• If your application is not accepted, the $600 apartment reservation deposit will be refunded to you in full.
• If your application is accepted but you do not move in, the Landlord will retain the full amount of the reservation deposit.

Renter's Liability Insurance

Renter's liability insurance with a minimum of $300,000 in coverage is required to be maintained throughout the term of your apartment lease.

Before moving into your apartment, you are required to provide the Landlord with evidence of your renter's insurance policy, and that policy must remain valid throughout the term of your lease.

If you are unable to provide proof of renter's insurance prior to move-in, for your convenience, you will be automatically enrolled in ResidentShield (general liability only). You will be responsible for monthly payments of $15 unless and until you provide proof of your preferred insurance provider.

If you opt to remain enrolled in ResidentShield, we strongly recommend that you log in and add personal property coverage to your ResidentShield policy.

If your renter's insurance lapses during the term of your lease, the Landlord will obtain ResidentShield (general liability only) for you, and you will be required to reimburse the Landlord for the cost to arrange for the replacement policy.

You may elect to upload proof of insurance from your preferred provider at any time.

Potential Additional Costs

The following are potential one-time and recurring monthly costs. These are the current charges and may be adjusted in the future.

Pets

If you have a cat or dog that is not a certified service or emotional support animal, there is a monthly payment per pet equal to 1% of your monthly rent.

Parking

If you have a car and wish to park in the building garage, a monthly parking fee applies, subject to availability. All parking spaces are reserved.

• First Parking Space: $245 per month
• Second Parking Space: $310 per month

Storage

A limited number of storage units is available in the garage.

• Wire Locker: $45
• Wire Locker in a Secure Room: $75

Amenity Area Rentals

Certain amenity areas in the building are available to rent for your exclusive use.

• Security Deposit: $500
• Rental Fee: $100 per hour

Apartment Transfers

If you request a transfer to a different apartment within the building, a $1,000 transfer fee applies.

Please reach out to the Management Office for additional terms and conditions.

Early Lease Termination

If you must terminate your apartment lease before it expires, a 30-day notice and a termination fee equal to two months of base monthly rent will be due.

You may also request that the management company place your apartment on the market immediately. You will remain responsible for rent until a new resident occupies the apartment.

Important Notice: The information set forth herein may change from time to time without notice.

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