Obligo charges a non-refundable fee for each deposit-free plan. This fee covers the use of our deposit-free technology, including the qualification process and any payment service fees in the event of charges by your property manager.
Using an Obligo Billing Authorization allows you to forgo paying the large security deposit upfront, and also gives you the ability to pay back any move-out charges in interest-free installments.
This service fee is customized based on the security requirements of the property you are renting. The service is priced monthly, and typically paid upfront for the term of your lease, or up to one year up-front. For additional months beyond the term covered by your initial payment, you will be charged monthly.