Are you interested in leasing for a short period of time?
Our typical lease agreement is for a 1 year term for several reasons. One is that our budget for this investment include the costs for marketing once per year.
However, we are asked all the time if we would be inclined to rent for a shorter term, so we have composed this Short Term Lease Policy.
Terms:
Duration: 2 month minimum term – meaning you are responsible for paying for two months at least. Term will renew month to month automatically.
45 day notice to vacate: meaning you are responsible for paying for 45 days after we receive your notice to vacate.
Charges:
$250 one time non-refundable fee
Rent rate increases by $100-$200 per month. Final cost determined based on the properties market value compared to its regular advertised rate, and the length of stay being proposed before the automatic month to month clause kicks in.
Next Steps:
Everything else is the same. You will need to go through the same application process and qualify by the same conditions.
If you are being financed by a third party such as a corporate housing sponsor or insurance company, we can either add them as co-signers on the lease or use some documentation they provide as a supplement to your qualifying income. Either way, all adult occupants must have an application on file and be listed on the lease.