Lease renewals

If someone using Whale renews their lease, Whale will keep the deposit locked. Whale only returns the deposit if you complete the financial move-out statement (also known as deposit accounting). 

If the property has enabled Auto-Collect Increased Deposits, Whale may request additional funds for their deposit if their deposit is based on a multiple of monthly rent and monthly rent changes.

Interested in moving your deposits for current residents to Whale? Learn how to move deposits to Whale using our "Flip" process.

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