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Property Logo at The Loop on Greenfield Apartments, Oak Park, MI
Property Logo at The Loop on Greenfield Apartments, Oak Park, MI

Fee Disclosure

+1 877-806-8529

To ensure transparency through the rental process and residency at The Loop on Greenfield, we've created a list of charges you may encounter as an applicant or resident. This will help you easily understand your initial and monthly ongoing costs, as it is our goal to make planning your budget effortless.


ADMINISTRATIVE CHARGES:

  • Hold fee: $200 due at time of application
  • Application fee: $50 per applicant (all occupants 18 years of age plus) due at time of application

SECURITY DEPOSIT:

  • $500 or up to 1.5 month's rent

PET FEES:

  • Pet Fee: $300 per household, one-time fee, non-refundable, due at move in.
  • Pet Rent: $30 per pet, per month.
  • Breed and weight restrictions apply.

UTILITIES:

  • Electricity: Metered by and paid by resident direct to provider, YES Energy. Should utilities be turned off by resident, a $25 Utility Administrative fee will be charged monthly along with back billed usage until service is restored in resident name.
  • Gas: Metered by and paid by resident direct to provider, YES Energy. Should utilities be turned off by resident, a $25 Utility Administrative fee will be charged monthly along with back billed usage until service is restored in resident name.
  • Trash Service: Flat fee of $25 per month.
  • Internet/Cable: Serviced through Comcast Xfinity, pricing varies based on package(s).
 

RENTERS INSURANCE:

Residents are required to maintain $300,000 in personal liability insurance. Premiums are determined and billed by your third-party insurance provider. Should insurance expire, resident will automatically be entered into a master policy at $25/month.

We recommend ResidentShield for your insurance needs. Maintaining your insurance coverage thru ResidentShield will streamline the process as they provide your proof of coverage directly to our Leasing Office upon purchase or renewal.

 

OTHER FEES:

  • Late Fee: $50 per month for late payments, charged on the 6th. Second late fee of $100 charged on the 12th.
  • Returned Check or Rejected Payment Fee: $35.00 per occurrence.
  • Lost/Stolen/Damaged FOB/Mailbox Key/Apartment Key: Each resident on the lease will be given one FOB/key at no cost, in addition to one mailbox key. (One mailbox key per apartment) Each additional FOB/key requires a $25 non-refundable fee.
  • Apartment Transfer Fee: $500 one-time fee.
  • Pest Control Fee: $7 per month.
  • Month to Month Fee: $300 per month.
  • Lease Break Fee: 2 months' rent + relet fee of 85% of one month's rent.
  • Short Term Premium: $200 fee per month and at market with no special -only 6-month terms  

Electronic payments made by credit cards are subject to a per transaction merchant fee equal to 2.95% of the total transaction cost.

Debit card fees are assessed on fixed transaction amounts:

  • Under $1,000: $3.95 per transaction
  • $1,000 - $1,999.99: $4.95 per transaction
  • $2,000 or more: $9.95 per transaction

ACH payments are free from payment processing fees.

*Rental rates vary based on market conditions and lease terms. Rates and fees are subject to change without notice.

Fee Disclosure