Your Questions Answered
What payments are due when I apply for a Tricon home?
When you apply for a Tricon home, you’ll be prompted to pay an application fee of $55 or less per adult applicant, depending on the state, and a $250 refundable holding deposit for the home.
The refundable holding deposit removes the home from the market while your application is being processed. If your application is approved and you move in, the $250 holding deposit is applied toward your total move-in costs.
If your application is denied, the refundable holding deposit will be refunded, typically within 1-3 business days. If your application is approved and you choose not to move in, Tricon may retain the holding deposit.
What is the holding deposit?
The holding deposit is a $250 payment made when you apply for a Tricon home.
This deposit temporarily removes the home from the market while your application is being processed. If your application is approved and you move in, the holding deposit is credited toward your total move-in costs.
Is the holding deposit refundable?
The holding deposit may be refundable depending on the outcome of your application.
Here’s how it works:
• If your application is approved and you move in: The $250 holding deposit is credited toward your total move-in costs.
• If your application is denied: The holding deposit is refunded.
• If your application is approved and you choose not to move in or transfer to another home: Tricon may retain the holding deposit.