Frequently Asked Questions

How do I sign a lease at Park Place?

To sign a lease at Park Place, you will begin with filling out an application along with paying the $50 application fee. Once you have completed the rental application and are approved, you will be eligible to sign a lease. You can either sign your lease at our leasing office, or we can send you your lease electronically. We also require every resident to have a guarantor. A guarantor form will be sent to the parent and/or guardian you listed on the application.

Can I guaranty my own lease?

All residents must either pay a security deposit or find a qualified guarantor

How long is the lease agreement?

All leases last for 12 equal installments, beginning the date of move-in.

What size units does Park Place offer?

Park Place in Waco offers studio, 1, 2, 3, 4, and 5 bedroom single level loft residences. Each bedroom has it’s own private bathroom. All residence styles are custom-furnished (optional) and include free cable and high-speed internet service.

What does my monthly installment include?

Your monthly installment includes cable, internet, and trash. The tenant is responsible for water/sewer and electricity. Water/sewer and electricity will be billed separately each month from the Park Place and the local utility company, respectively.

Your monthly installment is due:

The 1st through the 4th of every month. A $25 late fee will be applied on the 5th and an additional $5 fee will be applied every day after that.

What furniture comes with my unit?

Modern, cutting edge details in your new home at Park Place include rich, espresso flat-front, full-overlay kitchen and bathroom vanities, name-brand stainless refrigerator (with icemaker), range/cooktop, microwave and dishwasher. The New York City-based developers of Park Place teamed up with a name-brand furniture company to create our own custom modern furniture package, with an emphasis on clean lines and solid construction. The living room furniture includes: Sofa, Chair, Coffee Table, End Table and Lamp, & a TV with Stand. The kitchen furniture includes: Bar Stools. The bedroom furniture includes: Full-Size Bed, Night Stand and Lamp, Computer Desk, Desk Chair, and a Dresser.