Cortland Jetty Security Deposit Alternative: What to Check

Jetty is an alternative to the cash deposit, not the same payment

Current Cortland FAQs say Jetty can replace the traditional cash security deposit at participating communities. Jetty describes its renter payment as a nonrefundable one-time or monthly premium rather than money returned at move-out like a traditional refundable deposit may be.

Lower upfront cash can create ongoing cost

A monthly premium can reduce the amount required at move-in but should be added to the total lease-cost comparison. A renter deciding between the two options should compare the refundable cash amount with the total nonrefundable premium expected over the lease.

A claim can still become a renter obligation

Jetty explains that the product guarantees the property against covered unpaid rent, damage or fees. If the property has an outstanding balance, the product does not mean the renter is automatically released from the underlying obligation. Review the exact policy and claim terms.

Before selecting Jetty

• Save the traditional deposit quote.
• Save the Jetty premium quote.
• Confirm whether monthly payments stop at move-out.
• Read claim and recovery terms.
• Check whether state law requires a cash-deposit choice or special notice.

Compare this fee across management companies

Use the company-specific disclosure above first, then compare the same fee category across other operators that publish a source-based RentBillCheck guide.