Fee Guide Park 16

Welcome to Park 16! We prioritize transparency about the fees you may encounter as a resident to help you choose a home that fits your budget. Below, you'll find a clear list of initial and monthly costs that are in addition to the base rent. Our goal is to make your living experience enjoyable and financially manageable. Please review these fees to understand your potential financial commitments fully.

Initial Costs

These fees are typically due at the time of move-in or as part of the initial leasing process
Application Fee Application Fee
$0-53.13/per applicant
Security Deposit Security Deposit
$500 - $1500
(refundable)
Admin Fee Admin Fee
$250 per unit
(if fee applies it is non-refundable)*
Holding Fee Holding Fee
One Bedroom: $110 Two Bedroom: $125 Three Bedroom: $150
(if fee applies it is non-refundable)
Utility Billing Fee Utility Billing Fee
$25 one-time at move-in
(if applicable, billed by 3rd party)

Monthly Fixed and Variable Costs

These are recurring fees that will be part of your regular payments each month. Some may be paid with rent while others could be paid directly to the utility provider or outside third party
Base Rent Base Rent
Your rent amount
Water Water
Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Sewer Sewer
Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Trash Trash
Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Electric Electric
Based on usage
Paid directly to provider
Gas Gas
Based on usage
Paid directly to provider
Utility Fee Utility Fee
$3.00-8.95 Billing Fee
(if applicable, billed by 3rd party)
CAM Fee CAM Fee
Based on formula
(if applicable)
Note: Some regular, required monthly charges such as utilities may be based upon actual usage and/or seasonal variable rates and will vary from month to month.

How to Budget Your Monthly Costs

To calculate your estimated monthly cost, simply:

  1. Add your Base Rent to the required fees listed above.
  2. Choose any Optional Costs that you may wish to add.
  3. The total will be your monthly fixed cost.

Note: Some charges vary and are not a fixed amount.