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Frequently Asked Questions

Browse the topics below to find answers to our frequently asked questions.

Your rental payment will include your base rental amount. Trash is $12 per month, water/sewer are billed back to the residents based upon the floor plan size and number of occupants. Residents are responsible for setting up electricity through Ameren and internet on their own.
There is a $50 non-refundable application fee per applicant. There is an administrative fee of $250 per unit. With approved credit, there is no deposit.
There is a $50 non-refundable application fee per applicant. There is an administrative fee of $250 per unit. There is currently no security deposit with approved credit. If an applicant is a conditional approval, there would be a $1,000 security deposit.
Yes, renters’ insurance is required before you move in at the property. You can either go through our preferred insurance company, Foxen, or use your own third-party insurance. We do have requirements for the insurance policy. These requirements will be sent to you prior to move-in.
At Waterford Manors, we do a criminal background check and credit check on all applicants at the property. We have a pass or fail system through our third-party screening company that links with our property management software. There are times where we will accept conditional approval. Please contact the leasing office for more information.
Yes, you can sign a lease agreement with a guarantor if you do not meet the monthly income requirement. Guarantors are required to make 5 times the monthly rental amount at Waterford Manors. Please contact the leasing office for more information.
Once someone applies, expect 3-5 business days on the approval of the rental application.
We offer 6-to-15-month lease terms. Your leasing professional can go over the available lease terms.
This information is covered in the lease agreement. Per the lease, we require a 60-day notice to vacate in writing. The termination fee is 2x the monthly rent. This amount is due 5-days after you submit your notice to vacate. Please keep in mind that you are still responsible for your rental payments and utilities until the 60-days is up. Please contact the leasing office for more details.

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