Obligo’s deposit-free pricing varies according to the size of the security requirement and the renter’s projected ability to pay for any damages or missed rent. The service fee is paid upfront for the first lease term, up to 12 months. After 12 months, it will be renewed upfront for either the remainder of the original lease (i.e. if its a 18 month lease, the renewal would be for 6 months) or the next 12 months. At the time of renewal, renters will have the choice to opt out of upfront and choose month to month payments.

Renters who choose to live deposit-free often use their deposit cash to pay off debt or invest. Paying off credit card debt is the obvious first choice, as this always carries the highest interest rates, offsetting the Obligo service fee and helping renters save.