Once an applicant is approved through the application process, a security deposit equal to at least one months rent is required.  Larger deposits are sometimes required, depending on the applicant's credit report and rent history.  Once a Security Deposit has been paid, the tenant will have up to two weeks to sign their lease and pay their first months rent.  The first months rent is prorated to the day that they sign their lease.  Upon moving out, an inspector is sent to photograph the property and to make record of any damages to the property that may be present.  The report is analyzed and compared to the Move-In Inspection Report the tenant completed when they first moved in.  If repairs are required, the cost of repairs are taken from the security deposit and deposited to the owner's account.