Your Jetty Rent price is calculated by taking your base rent plus your static charges (trash, pest control, etc.) and then combining them with the highest potential amount of variable costs that could potentially be charged (water, sewer, etc.). What this does is allows us to approve a maximum monthly amount that will cover your charges that don't change, as well as the potential charges that may vary from month to month.
If your total rent comes in lower than the maximum amount that is perfectly fine and you are only ever on the hook for the current month's rent and service fee and can cancel enrollment for future months.
If approved and you decide to enroll, you'll get a loan document showing the full loan amount (example: your maximum monthly rent x 12 months + fees) but don't worry, this just shows the total maximum amount of rent installments you will owe if you use Jetty Rent for your full enrollment period.
Once enrolled, you can see the amount you owe for the month by logging in to your account and looking at your activity calendar. Please note that this amount will fluctuate based on your utilities charged with your rent statement, but you’ll always know your final amount due by the 1st of the month.