Power Properties® Tenant Exclusive
Introducing Power Moves
The No Security Deposit Program
Tenants can skip the traditional security deposit and pay a small 3% monthly fee instead.
What is Power Moves?
In a traditional lease, tenants are required to pay a security deposit—typically equal to one month’s rent—before moving in.
Power Moves offers an alternative.
Instead of paying a full deposit upfront, eligible tenants can choose to pay a 3% non-refundable monthly fee, calculated based on their rent. This replaces the need for a traditional security deposit at move-in. For example, if your rent is $2,000/month, the Power Moves fee would be $60 per month instead of a $2,000 upfront deposit.
Power Moves does not change your lease terms, monthly rent amount, or approval process. It simply changes how the deposit requirement is handled.
Important: Power Moves does not reduce tenant responsibility. At move-out, a standard inspection is completed and tenants are responsible for any damages, cleaning costs, or unpaid charges in accordance with the lease.
How Power Moves Works
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1. Application
Submit your rental application as usual. Power Moves does not change the approval process or qualification requirements.
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2. Get Approved
Once your application is approved, you’ll have the option to choose between a traditional security deposit or Power Moves.
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3. Move In
If you select Power Moves, you can move in without paying a full upfront security deposit.
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4. Pay As You Go
Instead of a one-time deposit, you’ll pay a 3% non-refundable monthly fee with your rent for the duration of your tenancy.
Is Power Moves Right for You?
Lower Move-In Costs
Moving can come with significant upfront expenses. Power Moves allows you to move in without paying a full month’s rent as a security deposit, helping you keep more cash available for moving costs, furnishings, or other priorities.
Spread Payments Over Time
Instead of tying up a large sum before move-in, the 3% non-refundable fee is added to your monthly rent. This provides a predictable, manageable cost structure throughout your tenancy.
Flexibility & Choice
Power Moves is completely optional. If you prefer the traditional refundable security deposit, you can choose that instead at the time of approval.
