Application fee:?$55
Hold fee:
Rent is $1600 or more – Hold Fee is $400 (applicable towards first month’s rent)
Rent is $1200-$1599 – Hold Fee is $300 (applicable towards first month’s rent)
Rent is $1199 or under – Hold Fee is $250 (applicable towards first month’s rent)
Security deposit:?$600 (refundable)
Pet deposit:?$300 per pet (refundable)
Transmitter deposit:?$75 (refundable)
Fob deposit:?$20 (refundable)
Parking:?$200
Pet rent:?$50 per pet
Residents are responsible for all utilities
Renter’s Insurance required
Non-Smoking
Most people budget for the lease and then get surprised by everything around it. The amounts above are current at time of writing and vary by home. For figures on a specific home, call the leasing team at 206-489-2747 or email info@thefifteencapitolhill.com and ask for the full cost breakdown in writing.
Applications are submitted per adult who will live in the home. Expect a screening process that looks at rental history, income, and background. Have your documentation ready before you apply, because incomplete applications sit in a queue while faster ones move past them. That usually means recent pay stubs or an offer letter, government issued photo ID, and contact details for previous landlords.
If you have anything unusual in your file, a gap in rental history, self employment income, a co-signer, or an out of state move, say so up front. It is almost always workable. It is much harder to work around when it surfaces halfway through underwriting.
Before you sign, confirm which utilities are billed to your home, which are shared across the building, and how shared costs are divided. Renters insurance is required, so check what coverage minimum applies. Ask how you would set up any accounts that are in your name, and how much notice the providers need. Sorting this a week before move in is easy. Sorting it the morning of is not.
The Fifteen participates in Seattle’s Multifamily Tax Exemption program and the city’s Incentive Zoning program. Income restricted homes carry an income verification step set by the City of Seattle, and it takes longer than a standard application. You will need documentation of household income and household size, and it must be current. Tell us you are applying under MFTE at the very start so we can begin that review immediately.
Read the lease. Ask what happens if your move in date shifts, how the building handles move in scheduling and elevator use, and what notice period applies at the end of the term. Write the answers down. Good questions now prevent expensive misunderstandings later.