Rental/Deposit
Rates
Size
(Bedrooms/Bathrooms) |
Market
Rate |
UTMB/Student
Discount Rate |
Security
Deposit |
Square
Footage |
| Efficiency |
$462 |
$439 |
$150 |
540 |
| 1/1
- Regular |
$523 |
$497 |
$150 |
688 |
|
1/1 - Large |
$600 |
$570 |
$150 |
822 |
| 2/1 |
$645 |
$612 |
$200 |
822 |
| 2/2 |
$820 |
$779 |
$200 |
1,080 |
| 3/2 |
$1030 |
$978 |
$250 |
1,775 |
All furnished apartments include stove, refrigerator, microwave, dishwasher, garbage displosal, and ceiling fans. Owner pays gas, trash, and extended basic cable. Residents are responsible for electric, water, and telephone. Payments for utitlites to be made directly to provider. |
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Corporate
Apartments
Fully
furnished, all utilities paid by owner (limitations apply).
Size
(Bedrooms/Bathrooms) |
Summer
Rate
(June-Aug.) |
Winter
Rate
(Sept.-May) |
| Efficiency |
$775 |
$650 |
| 1/1
- Regular |
$988 |
$832 |
|
1/1 - Large |
$1040 |
$884 |
| 2/2 |
$1086 |
$936 |
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Pet
Policies
- Limit two
per apartment
- Pets cannot
exceed 35 lbs. at adult size
- $350 deposit
per pet - $150 non-refundable
- No "pet-sitting"
without management approval
Locator
Fees:
• Minimum
one month for payment.
1 month up
to 3 months: 10%
3 months up to 6 months: 25%
6 months and up: 50%
Residency
Guidelines
The acceptance
or rejection of all applicants for residency will be determined
on the basis of the standards set forth in the following guidelines.
In the event that the guidelines change, a re-evaluation may take
place. if there are changes that warrant re-evaluation, it must
be approved by the property manager.
All applications
for residency will be evaluated without regard to the applicant's
race, color religion, sex, handicap, familial status, or national
origin.
PREVIOUS RENTAL
HISTORY
All applicants must have a minimum of six (6) months verifiable
and positive rental history.
Applicants with prior eviction or broken rental agreements will
be rejected. First time renters or applicants who have lived with
relatives and have no previous rental history are required to pay
a double deposit, or may have an approved co-signer. Approved co-signer
is for students only, and must be by a parent.
INCOME
The monthly gross income for a single applicant shall be a minimum
of three times the market rent amount of the apartment that is applied
for. When two or more applicants apply together, their combined
income shall be at least three times the rent amount.
EMPLOYMENT
All applicants must be currently employed with at least one year
of positive employment history. This can be verified with the three
most recent check stubs. These will be photocopied.
CREDIT
Credit history for the past two years will be reviewed and must
exhibit satisfactory ratings.
CONVICTIONS
Applicants must have no felony offense convictions of any kind.
NON-REFUNDABLE APPLICATION FEE
Applicant in advance of processing rental application must pay a
non-refundable application fee of $30.00.
FALSIFICATION OF INFORMATION
Applicants must not submit any false information on the application.
Any false information submitted will result in an automatic rejection.
** ALL PROSPECTIVE TENANTS AND OCCUPANTS OVER THE AGE OF 18 YEARS
AND NOT A SPOUSE MUST SUBMIT A SEPARATE APPLICATION AND PROVIDE
A PHOTO I.D. TO BE COPIED FOR FILE.
OCCUPANCY LIMITATIONS
Only a maximum of two people may reside in any one-bedroom apartment.
Only a maximum of four people may reside in any two-bedroom apartment.
Only a maximum of six people may reside in any three-bedroom apartment.
New Born Policy - Two persons with proof of a child being less than
six months of age may occupy a one bedroom apartment, for a lease
term of six months. At the end of the lease term, residents must
(1) request a notice of transfer to a two bedroom or (2) give notice
of intent to move out.
SECURITY DEPOSIT
The security deposit for the apartment is required at the time you
submit the application(s) and the application fee. these should
be paid in a separate check or money order prior to approval. NO
CASH WILL BE ACCEPTED.
TRANSFERS
All transfers are subject to approval. All residents wanting to
transfer must fill out "Request for Transfer" at least
30 days prior to the requested transfer date. The fee is $200 for
anyone interested in transfering prior to the expiration of their
current lease. Forms and policies are available at the office.
We offer six and twelve month lease terms.
UTMB Employee discount is 5% off Market Rate.
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