Frequently Asked Questions

Yes! As long as the funds are dispersed into your bank account, you can use them as you need.

• Application fee (non-refundable) – $50 – This fee covers the cost of the background checks we run to approve your application, including the screening of one guarantor. This fee is due upon submission of your electronic application.
• Admin fee (non-refundable) – $199– Residents will be charged a one-time service fee for administration, billing, bill auditing, overhead and similar expenses and charges to be incurred by the Landlord for the Term of this Lease.
• Utility setup fee (non-refundable) – $66 – This is an annual registration fee billed by Conservice to set up your utilities, and is not due until after you move in.
• Pet fee – There is a nonrefundable pet fee of $150.

The application fee is due when your application is submitted. All other fees are not due until move-in. Ask our office about our waived signing fee’s special!

Individual leasing means peace of mind for you. An individual lease is a per-bed lease. You sign a lease for a bed space in the apartment and share common areas with roommates. This means you are only responsible for your own installments. If a roommate transfers to another school or moves out of The M on 5th for any reason, you do not have to worry about having to cover their portion of rent.  

A guarantor is a co-signer for your lease agreement. Because students often don’t have an income, having a guarantor allows us to qualify you for a lease based on your guarantor’s income.

You will list the name and email of your guarantor during the application process, and your guarantor will receive an email to fill out their portion of the application.

We require all residents at The M on 5th to have a guarantor or sign up for LEAP.

LEAP is our Third-Party Lease Insurant Program which fills in for a personal guarantor or parent cosigner, allowing you to sign a lease where you otherwise would not qualify and allows you to self-qualify as a student. Leap charges a monthly fee for the term of the lease in order to cosign your lease, which is an additional $45 a month.

For applicants who do not have a credit history in the US and/or a guarantor, you can enroll into the LEAP program.

We need your Social Security number to run a standard credit and criminal background checks.

The M on 5th is using software from Entrata to keep your personal information secure. All of your data, including your name, email, birth date, and Social Security number, are secured using encryption techniques that banks use to keep your financial information private. Data is transferred via an SSL/TLS connection using 2048-bit encryption between your computer and Entrata’s servers.

You can easily complete the entire leasing process online. We are also available in the leasing office if you wish to visit us to apply in person.

Step 1: Fill out an application
Start by filling out our application form. You will need the following information:
• Floor plan and unit you want to lease
• Name, phone number, email address, birth date, and Social Security number of the applicant as well as the name and email address of your guarantor (if you’re using one)
• Photo or scan of an identification document such as a passport, driver’s license, state ID, or active military
• Address of applicant’s current residence, as well as current rent payments and contact information for your landlord, who we may contact as a reference
• Bedroom preference and roommate information

Step 2: Sign your lease
After your application is approved, you will automatically be emailed a link to sign your lease. Once our leasing associates countersign your lease, you will be notified via email and receive a digital copy of your completed lease.

Step 3: Get email updates
Once your lease is completed, you will get email notifications with more information on topics such as construction updates, events, move-in, etc.

At The M on 5th, utilities are projected to range from around $30 to $60 per person, per month on average. This will vary depending on floorplan type, usage and other factors. This range is an estimate – costs may fall outside of this range.