As an amenity to you, your property partnered with Obligo to let qualified new renters skip paying a cash security deposit at move-in.
Obligo charges a fee for our service (a small percentage of your rental’s security requirement and a few other factors), and you keep your cash to invest, save, travel, or spend!
To live without a deposit, simply provide a qualifying payment method through the Obligo platform. If there are damages or missed rent at the end of the lease, your property manager will be authorized to charge this payment method - up to the stated amount of security requirement - and you will be billed by Obligo.
Obligo is not an insurance product. You’re still accountable for any charges, but Obligo does offer the ability to repay charges in interest-free installments. Like a traditional deposit, you also maintain the right to dispute charges directly with your property manager.
Questions? Contact our team at support@myobligo.com.