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?
A resident can act as their own guarantor if they can show documentation as outlined in the lease agreement that they have income greater three times the monthly installment.
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.