Lease Risk Mitigation Fee

TouchPoint uses a Points Based Application Background Check Scoring System that considers every aspect of the Tenant's background check. We have determined by Broker's application scoring guidelines. Broker's experience has shown that tenants with scores below the optimal amount are more likely to pay late or default on their lease obligations. This creates a higher workload, expenses, and risk for the Broker and Owner. Therefore, the Tenant must pay a non-refundable pre-paid  Risk Mitigation Admin Fee in the amount of (See below) due before Move-In.

    Applicants with an average score of 15-18 points (High-Risk Status):
will pre-pay an additional non-refundable, upfront Lease Risk Mitigation Fee in the amount of $700 minimum before Move-In.

   Applicants with an average score of 19-22 points (Conditional Status):
will pre-pay an additional non-refundable, upfront Lease Risk Mitigation Fee in the amount of $600 minimum before Move-In.