Understanding Your Security Deposit Options

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Understanding Your Security Deposit Options | T&H Realty Services

At T&H Realty, we understand that every resident's financial situation is different. That's why we offer two security deposit options — so you can choose the path that works best for your move.

Whether you have upfront savings to put down or you'd rather keep cash on hand during the move-in process, we have an option for you. Here's a clear breakdown of both.

Your Two Options at a Glance

Traditional Cash Deposit
Upfront · potentially refundable
Amount 1× – 1.5× monthly rent
Based on Credit score
Due Within 24 hrs of signing
+ Admin fee $250
Refundable? Yes, if conditions met
IHA eligible Yes
Zero Deposit Program
Monthly payments · lower upfront cost
Upfront cost None
Instead Smaller monthly payments
Due 1st of each month with rent
Amount Varies by income & rent
Refundable? Non-refundable
IHA eligible Not available

Traditional Cash Deposit

The deposit amount is based on your reported credit score and falls between one and one-and-a-half times your monthly rent. The full amount — plus the $250 Lease Administration Fee — is due within 24 hours of lease signing.

The key benefit: this deposit may be refunded at move-out, provided there are no damages beyond normal wear and tear and no outstanding balance on your account.

Zero Deposit Program

This program is designed to reduce what you need to pay upfront. Instead of a large deposit at signing, you'll make smaller monthly payments alongside your rent, due on the 1st of each month. Payment amounts vary based on your income and rental amount.

A few things to know: Payments through this program are non-refundable and are not held as a traditional deposit — they won't be returned at move-out. This option is also not available to IHA applicants.

Not Sure Which to Choose?

Help me decide
Are you an IHA (Indiana Housing Authority) applicant?
How would you prefer to handle your deposit?
Our recommendation

Both options are excellent choices designed to meet different financial needs. Our team is happy to walk you through either option before you sign.

About the Author

Brooke Robinson

Brooke is our Digital Marketing Specialist. She is responsible for the marketing of T&H Realty on all of our main media channels including social media, podcasts, and our website.

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