40 Free Street


General Information

Our apartments are rented on a first come, first served bases.  We evaluate every rental application in the following manner:

  1. Each prospective tenant needs to complete and submit a rental application.
  2. We will process your application through our screening process, which will check your credit report, criminal history, rental background, and verification of proof of income to confirm that you fully meet our criteria.  Base on this screening criteria, you will either be approved, conditional with the need of a qualified guarantor or denied for the apartment.
  3. Once we receive all necessary application materials along with your holding deposit, we will reserve the apartment for you for a period of 24 hours.  During this time, the unit is taken off the market, and no other applicants can apply.  We also encourage you to review the lease, along with our policies and procedures, and to ask any questions that arise.

As soon as you APPLY, the $1,000 holding deposit is automatically drafted from your account. This $1,000 holding deposit is applied to your security deposit.

If you choose not to rent this apartment within this initial 24-hour period, we will issue you a check refunding your $1,000 holding deposit within 2 business days.

  1. If you choose not to rent this apartment after the 24-hour period has expired, you will forfeit your holding deposit.  If the apartment re-rents and a new tenant begins their lease within 14 days of what would have been your lease start date, we will refund any monies due to you after the prorated rent is deducted.

SECURITY DEPOSIT: Your security deposit amount will be equal to one full month’s rent.

MOVE IN COSTS: We require first month’s rent and a security deposit to be paid before moving in.

UTILITIES: The tenant is responsible for all costs except the water bill.  Everything in the apartment is electric so that is the only utility.  Estimated electricity costs are around $80-$100 per month. Cable/internet will also be extra if that is something you're interested in.

PARKING: Parking is an extra $140 a month on a separate agreement.

PET POLICY: We permit up to 2 pets in an apartment when the renter qualifies and agrees to the terms of our pet addendum.  The monthly fee is $40 per cat or dog.

Other Policies