Understanding your Costs

Welcome to Modera University Park! We're glad you're here! We believe in keeping things straightforward, especially when it comes to costs. Below, you’ll find a breakdown of potential one-time and monthly fees beyond your base rent, so you know exactly what to expect.

To estimate your monthly fixed costs, simply add your base rent to the Essential Services and any additional Lease Options you choose. No guesswork, no surprises—just the details you need to plan with confidence and enjoy your home.

Application Costs

These fees are due at the time of move-in or as part of the initial leasing process.

Application Fee
$21
Per Applicant (18 yrs+) | One-Time | Required
Administrative Fee
$160
Per Applicant | One-Time | Required
Security Deposit
$500
Per Home | One-Time | Refundable | Required
Conditional Deposit
Up to 2X Monthly Base Rent
Per Home | One-Time | Conditional/Credit Based
Package Registration Fee
$25
Per Home | One-Time | Required

Essential Services

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 an outside third party.

Resident Liability Program (RLP)
$15
Per Home | Monthly | Auto-Enrolled*
RentPlus Program
$8.95-$14.95
Per Home | Monthly | Auto-Enrolled*
Smart Home Technology Package
$65
Per Home | Monthly | Required
Valet Trash Door-to-Door Pickup
$19.95 (includes $10 markup)
Per Home | Monthly | Required
Utility – Trash Removal
Varies
Per Home | Monthly | Required
Utility – Electric – 3rd Party
Usage Based
Per Home | Monthly | Required
Utility – Gas Boiler Management Fee
$13.75
Per Home | Monthly | Required
Utility – Water/Sewer
Usage Based
Per Home | Monthly | Required
Utility – Stormwater/Drainage
Varies
Per Home | Monthly | Required
Utility – Admin Billing Fee
$5.75
Per Home | Monthly | Required

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. *Opt-out available with auto-enrolled programs.

Lease Options

These are optional fees you may choose to add to your lease.

Cable Service – 3rd Party
Varies
Provider of Choice | Not Required
Parking – Standard Space
$125
Per Space | Monthly | Not Required
Parking – Second Standard Space
$150
Per Space | Monthly | Not Required
Parking – Compact Space
$100
Per Space| Monthly | Not Required
Parking – EV Charger Space
$150
Per Space| Monthly | Not Required
Storage Rental
$55-$75
Per Storage | Monthly | Not Required
Bike Storage
$10
Per Bike | Monthly | Not Required
Pet Deposit (Refundable)
$300
Per Pet | One-Time | Conditional
Pet Rent
$35
Per Home | Max 2 Pets | Monthly | Conditional
Pet Screening – 3rd Party
$30
Per Pet | Conditional

Situational Fees

Access Device – Replacement
$100
Per Occurrence
Apartment Home Transfer Fee
$1,000
Per Occurrence
Amenity/Clubroom Rental
$250-$600
Per Occurrence
Liquidated Damages (Lease Cancellation)
1.5x Base Rent
Per Home | One-Time
Month-To-Month Premium
Varies
Per Occurrence | Monthly
Lease Violation
Varies
Per Occurrence
Legal/Eviction Fees
Varies
Per Occurrence
Non-Sufficient Funds (NSF)
$20
Per Occurrence
Late Rent Fee
5% of Base Rent Balance Due
Per Occurrence | Monthly

Online Payment Options

Payment Processing – Check, ACH, Cashier's Check, Certified Funds
Complimentary
Per Transaction
Payment Processing – Credit Card
3% of Total
Per Transaction
Payment Processing – International Credit Card
4% of Total
Per Transaction
Payment Processing – Debit Card
$7.95
Per Transaction
Payment Processing – MoneyGram
$7.99
Per Transaction