Fee Guide Madrid

Welcome to Madrid! 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
$51.69/per applicant
(non-refundable
Security Deposit Security Deposit
$1000-1 Month's Rent
(refundable)
Holding Fee Holding Fee
$200/per unit
(if fee applies it is non-refundable)
Pet Deposit Pet Deposit
$500/per pet
(If pets are allowed, deposit is refundable)***
Utility Billing Fee Utility Billing Fee
$3/one-time at move-in
(if applicable, billed by 3rd party)
Pet Rent Pet Rent
$60 Per Pet

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)
Hot Water Usage Hot Water Usage
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
Internet Internet
Based on usage
Paid directly to provider
Cable Cable
Based on usage
Paid directly to provider
Telephone Telephone
Based on usage
Paid directly to provider
Utility Fee Utility Fee
$3 Billing Fee
(if applicable, billed by 3rd party)
Pet Rent/Fee Pet Rent/Fee
(if applicable)
Damage Waiver (in lieu of renter's insurance) Damage Waiver (in lieu of renter's insurance)
$14/Mth - in lieu of H04 renter's insurance policy
Vacant Cost Recovery Vacant Cost Recovery
$25/Mth
RUBS Set-Up Fee RUBS Set-Up Fee
$5/One time at move in
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.

Optional Costs

These are optional fees you may choose to add to your lease.
Additional Parking Space Additional Parking Space
$35/per vehicle
Parcel Locker Set-Up Fee Parcel Locker Set-Up Fee
$50
Clubhouse Rental Clubhouse Rental
$275/Per Rental
Lock Change Fee Lock Change Fee
$50/Per Occurrence
Key Replacement Fee Key Replacement Fee
$15/Per Occurrence
Parcel Locker Monthly Fee Parcel Locker Monthly Fee
$3/Per Day after 3 days
Clubhouse Deposit Clubhouse Deposit
$200 per Rental
Online Rent Pay Set-Up Fee Online Rent Pay Set-Up Fee
$10/One Time

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.

Online Payment Options

Enrollment Fee Enrollment Fee
$10 One/time
(if applicable, select communities)
eCheck/ACH eCheck/ACH
$3.59 Per Transaction
Debit Card Debit Card
$6.95 Per Transaction
Credit Card (Visa, Mastercard, Discover) Credit Card (Visa, Mastercard, Discover)
3.5% Per Transaction
+ Convenience Fee of $2.95 Per Transaction
CashPay / MoneyGram CashPay / MoneyGram
$4.00 Per Transaction
(Up to $6,500)

Avoidable Fees

Late Fees Late Fees
$40
Transfer Fee Transfer Fee
$150/One-time Per Occurrence
Attorney Fees Attorney Fees
$1000/Per Occurence
Lease Cancellation Fee Lease Cancellation Fee
2 Month's Rent
Cleaning and Damage Fees Cleaning and Damage Fees
Varies
NSF (Insufficient Funds) Fee NSF (Insufficient Funds) Fee
$20