Moving into a new apartment is exciting, but paying a hefty security deposit upfront? Not so much. Between the first month’s rent, moving costs, and new furniture or items for the new place, security deposits can put unnecessary strain on your budget.

That’s where Obligo comes in. Instead of tying up thousands of dollars in a traditional security deposit, eligible renters can move in with the bulk of that cash where it belongs, in their pocket.

In this guide, we’ll break down:

• How Obligo works for renters
• What it means to qualify
• How to check your eligibility in minutes
• How to bring Obligo to your current or future property manager

What Is Obligo?

Obligo is a service that allows qualified renters to move in without paying a traditional cash deposit, giving property managers the same protection without requiring renters to lock up their money.

No large upfront payment.
No waiting for deposit refunds.
No stress.

How Qualifying for Obligo Works

Qualifying for Obligo typically takes less than 5 minutes and is an entirely digital process. When qualifying for Obligo options, you’ll complete the following steps: 

1. Choose a Qualification Method: Obligo reviews your financial profile to qualify you for available options at the best price. Here are the different methods you can use to qualify: 

• Bank Account: qualification based on average available balance 
• Credit Card: qualification based on available credit
• Soft Credit Check: qualification based on credit score, this will not affect your credit score

2. Choose from personalized options* - pick the option that works best for you! Plans start as low as $7.99/month, paid upfront for the first year. Options include:

• No Deposit
• Reduced Deposit™
• Deposit-in-Installments
• Full Deposit

3. Checkout & Take Care! Here’s what moving out will look like depending on your chosen option: 

• No Deposit Plans: If there are no damages or missed rent, there’s nothing more to do. If there are charges at the end of your lease, your property manager will be authorized to charge you up to the security amount and Obligo will bill your pre-authorized payment method (installment options for repayment are available).
• Other Plans: If there are no damages or missed rent, any deposit you paid to Obligo at move-in will be refunded electronically to the bank account of your choosing. If there are charges at the end of your lease, those will be deducted from any deposit you paid to Obligo at move-in. 

See if you qualify and get an idea of your plan pricing today 👉 Check your eligibility here:
https://depositfree.myobligo.com/pre-qualify

*Available options are dependent on your prospective property and the result of your qualification.

Why Renters Love Obligo

Obligo is a trusted service provider in over 1 million homes.Renters across the country are choosing Obligo because it makes moving more simple.

Keep Your Cash

Security deposits often cost one to two months’ rent. With Obligo, you can keep that money for savings, moving expenses, or everyday life.

No Waiting for Refunds

Traditional deposits can take weeks to arrive, often as a paper check you have to track down. With Obligo, you skip the hassle: no deposit means nothing tied up or refunded, and any eligible returns are processed electronically.

Easy, Transparent Process

Everything is digital, straightforward, and designed with renters in mind.

What If Your Property Manager Doesn’t Use Obligo Yet?

Good news! You might still be able to use Obligo.

If your current or next property manager isn’t already offering Obligo, you can refer them directly. Properties are happy to offer Obligo because it:

• Provides the same protection as a traditional security deposit
• Reduces security deposit administrative work by 97%
• Helps attract more qualified renters - 61% of renters indicated Obligo was a key factor in their decision to rent

When you go through the prequalification flow linked below, you’ll have the option to invite your property manager to use Obligo.

Take the First Step: See If You Might Qualify

If you’re planning a move — or even just exploring your options — there’s no downside to checking.

It’s fast.
It’s secure.
And it could save you thousands while moving.

👉 See if you qualify for Obligo’s no-deposit option today:
https://depositfree.myobligo.com/pre-qualify

And if you qualify, don’t forget to refer your current or next property manager.