Is my application fee refundable?
The application fee is non-refundable
Rental application fees are collected by landlords alongside a rental application.
Rental application fees are intended to cover the cost of processing the rental application. Specifically, the fees are most often used to cover the cost of screening tenants through background checks and credit reports.
This means the fees are used to pay for credit checks, background checks, and associated costs of determining whether or not the tenant applying is a good fit for the property.
Additionally, rental application fees have become the standard in the industry because they keep potential tenants from applying to properties they do not have any real interest in.
Not only is the fee used to pay for the screening, but it also helps to ensure that those applying to rent the property are serious about their interest.