Fee Guide Lofts at 5 Points

Welcome to Lofts at 5 Points! 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.

Application Fee $50 /per applicant
Security Deposit $400 - 1 Month's Rent
(refundable)
First Month's Rent Base rent amount
Prorated based on Move in Date & Market Rent
Admin Fee $299 /per unit
(if fee applies it is non-refundable)*
Pet Fees $50 monthly per pet
(Non-refundable)**
Pet Deposit $400 for 1st Pet and $600 for 2 Pets
(Deposit is refundable)***
Utility Billing Fee $25.00/one-time at move-in
(if applicable, billed by 3rd party)

Base Rent Your rent amount
Water Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Sewer Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Trash Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Hot Water Usage Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Electric Based on usage
Paid directly to provider
Gas Based on usage
Paid directly to provider
Internet $75.00
Per Month
Media Package $75 Per Month
Valet Trash Based on formula
(if applicable; may be billed by 3rd party)
Utility Fee $6.50 Billing Fee
(if applicable, billed by 3rd party)
CAM Fee Based on formula
(if applicable)
Parking Fee (Reserved or Covered) $25.00 Per Space
(if applicable)
Real Estate Tax $18.00 Per Month
(if applicable)
Storage Rent/Fee $50.00 Per Space
(if applicable)
Damage Waiver (in lieu of renter's insurance) $16.50 Per Month - in lieu of H04 renter's insurance policy
Credit Reporting - Basic (Opt-out) $6.99 Per Resident Per Month

Storage Fee Monthly cost, if extra storage is needed
Key FOB Per FOB
(if applicable)
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.

Implementation Fee $10/One-time
(if applicable, select communities)
eCheck/ACH $3.99 Per Transaction
Debit Card $7.99 Per Transaction
Mobile Check Deposit $2.99 Per Transaction
(if applicable, select communities)
Credit Card (Visa, Mastercard, Discover) 3.5% Per Transaction + $2.99 Per Transaction
MoneyGram $3.95 Per Transaction
Prisma Digital Wallet $3.99 Per Transaction

Late Fees 10% of rent, Minimum $75, up to $150
+ Monthly Concession Chargeback Up to $250, If Applicable
Service of Notice Fees $35 Per Notice
Month to Month Fees $300/Month
Short Term Rental Fee $150.00
Transfer Fee $300-$500/One-time Per Occurrence
Attorney Fees $300-$500/Per Occurrence
Lease Cancellation Fee 2 Month's Rent
Cleaning and Damage Fees Varies
Key Fob Replacement $50-100/Per FOB