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Funds and Policies
- Security deposit – paid via certified funds and is due 48 hours after the lease is sent. A security deposit protects the owner for any damages done to the property by the tenant.
- First month’s rent – the first in a series of payments for the use of a rental property. Tenants cannot make an online payment for the first month of rent; there are three ways to arrange this payment. One way is to hand deliver certified funds to our office. Another option is to mail them. The last option is to utilize a service called PayNearMe. When opting for the latter suggestion, a tenant will be provided with a code. Then they can go to a payment processing business such as 7-Eleven or CVS and pay for rent in cash.
- Renters insurance – protects the tenant’s possessions if they’re damaged, vandalized, or stolen while the tenant is renting. The amount that we require is 10,000 personal and 100,000 liability.
- RHINO – a program that is in lieu of a traditional deposit. For the tenant – helps renters avoid expensive upfront costs. When they sign up they can satisfy a big deposit amount with a small monthly payment. RHINO does protect personal property, unlike renters insurance. It also protects owners from damages and unpaid rents.
Our applications team will let you know if they require any of these items. Then they can grant you access to the property. We are unable to provide approved applicants with a lockbox code until the office appropriately receives these items.
For additional information about these items, please contact our applications team by emailing Applications@OmniKeyTexas.com or by calling (972)480-8280 ext. 13.