Should we have an apartment available for reservation, an application deposit is required to hold the apartment in your name. We can hold an apartment for a maximum of 20 days from the date it is vacated. The deposit is $500 with exception to preferred employers which are listed below. Preferred Employer and Applicant deposits are refundable for three business days, which include Saturdays. After this time, should you choose not to live at Arcadia Station Lofts, your deposit will be forfeited. Otherwise, this amount is refundable less a $50 administrative fee upon completion of your Lease Term, proper 60-day written notice, and excellent condition of surrendered apartment. All payments must be in the form of a check or money order.