Reservation
How the holding deposit works
The holding deposit is the full standard security-deposit amount for the property, due by the deadline stated in the written approval. If the applicant backs out after signing, the payment is forfeited. If Elite Rental Homes cannot deliver the home, the payment is refunded. The separate signed holding agreement controls the exact terms.
Formal Review
Prescreen results and formal screening are separate decisions
The prescreen is an educational, preliminary review based on self-reported information from the submitting person. Formal review uses verified information for every adult resident. If a denial, conditional decision, or nonselection is based in whole or in part on a consumer report, the written notice will identify the consumer-reporting agency and its contact information, explain dispute and free-report rights, and include the score source, date, range, and key factors when required. One assigned notification owner prevents duplicate notices; automated formal-decision emails remain disabled until the exact notice is reviewed and approved.