To apply, there is a rental application fee per applicant for screening ($55 or less, depending on the state), and a $250 refundable holding deposit. This refundable holding deposit takes the home off the market and “holds” it while your application is in process. Once you move in, the $250 refundable holding deposit is credited to your first month’s rent. If you’re approved and you choose not to move into the home, Tricon Residential will place the home back on the market for rent and retain the holding deposit. If an applicant is declined, the refundable holding deposit is reimbursed.