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:

  • It gives you incentive to take good care of your apartment, because you’re still accountable if there are damage or missed rent charges.

  • It preserves your property manager's ability to get cash instantly, as soon as a charge is submitted, as if they had a cash deposit.

  • It preserves your right to dispute charges directly with your property or via a small claims court.

Questions about your Obligo account? Login and chat live with a support agent! You can also reach our team at support@myobligo.com.

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