At Ascension Village apartments, the security deposit is typically equal to one month’s rent, unless otherwise specified by an approvals officer at Smartland. This deposit is typically due at the time you sign the lease or shortly thereafter. The purpose of the security deposit is to protect the landlord in the event that you cause any damage to the apartment or fail to fulfill your obligations under the lease. The deposit will be returned to you at the end of your tenancy, minus any deductions for damages or unpaid rent. It is important to carefully read and understand the terms of your lease, as it will outline the specific requirements and procedures for paying the security deposit and any other fees.