Over the years, we have collected the most common questions asked by our Owner-clients to help you more efficiently. Please read through the FAQs below to see if they may answer one of your questions. If you still have a few questions for us, don’t hesitate to contact us or give us a call!
We always try to negotiate on your behalf from a position of strength. For that reason not every lease we sign will be a one-year lease. For example, if your particular property would be best rented in early Spring, then a lease entered into in October might only be 8 months in duration. Regardless of what time of year the lease starts, we always want leases to end during the leasing season, which would be on the last day of the month of either April, May, June or July.
Someone from the office will be in touch with you to suggest lease renewal terms that balance keeping the residents in place (if that is desired) versus potential vacancy and the cost to turn the unit over. Generally, this happens 60 to 90 days before their lease expires, unless your property is located on campus. However, if you’d like to look at your options, please feel free to contact us directly.
The short answer is no; but this is not meant for us to be difficult. What we have found is that it is very difficult for us to do our job effectively if the Resident feels they have direct access to the Owner of the property.
We offer Residents the option to break their lease because oftentimes people need to leave because of certain life-events that come up. There is a termination fee, that we use to help offset the costs of vacancy and to turn the unit. If there is any overage left over, we use that to offset our marketing and administrative costs, or return that to the Resident. Our intention is to keep the costs down to you, and make the move out a “net zero dollar” event to you. Basically, we want it to be a seamless so any costs are absorbed by the termination fee.