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TIME RESIDENTIAL PROPERTY MANAGEMENT
Rental Policy Guidelines
The following rental criteria and policies should be read carefully. Should you have any questions, please do not hesitate to ask Landlord/Agent for clarification. The term “Applicant” is defined as the person or persons who will be signing the lease as the “Resident”, the term “Occupant” is defined as the person or persons who are authorized occupants under the lease. The lease agreement will not become effective until the application is approved by the Landlord/Agent. Each Applicant must be 18 years of age or older with favorable credit history to qualify. Time Residential supports and complies with Federal Fair Housing requirements and do not discriminate against any person because of race, color, religion, age, sex, handicap, familial status or national origin.
Photo Identification
Prior to viewing any property, you will be required to provide valid issued photo identification. A valid form of identification shall include one of the following: driver’s license, military ID, original passport, or government issued photo ID.
Application Fee
Each Applicant will be required to pay a NON-REFUNDABLE application fee.
Additional Security Deposits
Applicant’s who are required to pay a security deposit higher than the standard required deposit must pay their full security deposit in the form of a cashier’s check or money order prior to Lease start date.
Pro-Rated Rent
If lease start date is the 20th or after, the prorated rent amount plus the following full month’s rent will be due upon the lease start date. We do not pro-rate the final month of occupancy.
Occupancy Delays
If occupancy is or will be delayed for any reason beyond the Lease commencement date, Management/Landlord/Agent will not be responsible for any claims, damages or liabilities for the delay and no discounts, concessions or compensation will be given. The lease will remain in force subject to abatement of rent on a daily basis during the delay.
If Landlord/Agent gives notice to any Applicant/Resident that an occupancy delay is expected and states a new readiness date, Applicant/Resident may give Landlord/Agent a written notice to terminate the Lease contract within 5 days after such notice of delay from Landlord/Agent, but not later. If there is a delay and Landlord/Agent has not given notice of delay as set forth above, Applicant/Resident may give Landlord/Agent a written notice to terminate the Lease up to the date the premises is ready for occupancy, but no later. After termination due to the above described occupancy delay, Applicant/Resident is entitled only to a refund of any rent, deposit(s) and/or fees paid with the exception of application fee.
Cleaning or repairs that do not prevent the Applicant/Resident from occupying the leased premises does not entitle Applicant/Resident to rent abatement or right of termination.
If a written notice to terminate from Applicant/Resident is not received by Landlord/Agent as set forth above, Applicant/Resident will be responsible for all terms of the Lease and the readiness date is considered the new effective Lease commencement date for all purposes. Additionally, this new effective Lease commencement date may not be moved unless Landlord/Agent and Applicant/Resident agree (refer to Lease for entire termination guidelines).
Water Filled Furniture
The use of waterbeds is prohibited unless written permission is obtained from Landlord/Agent and such use complies with any applicable building codes. If permission is given, proof of floatation/renters insurance in Resident’s name, as is standard in the industry, naming Landlord/Agent as additional insured must be provided Landlord/Agent before Lease is signed and/or occupancy.
Date: __________ Applicant/Resident: ______________________________________________
Date: __________ Applicant/Resident: ______________________________________________
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