TOPIC: What is everyone’s policy in holding a unit for an applicant that’s already been approved?

What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50174

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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50175

I think two weeks after previous tenant vacates max is pretty standard
  • Ashley Eva
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50176

100$ hold fee holds for 30 days, the security deposit holds for 45 from time unit is ready

We also are a newly renovated property and just finally enjoying a high occupancy, have had a waitlist going since beginning g of summer so most people are moving in within 2 weeks, after having been approved earlier, as long there were no major fixes to be done
  • Laura Ambre Jordan
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Last edit: by Amanda HIll.

What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50177

Two weeks once unit is vacant.
  • Cianna Dennis
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50178

One week from move out or application if already vacant. Holding fees required within 24 hours of approval
  • Amber Coker
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50179

So my company does things a little different. We actually don't officially reserve a unit for someone until they're approved and have assigned lease. We found that too many people were applying and either getting denied or canceling so we swap to this method. It has worked out quite well. Overall, we try and keep moving within 2 weeks of the last move out unless it's a renovation. Usually it has to be at least within 7 Days of the Make ready date
  • Bryan Fasulo
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50180

How do you prevent more than one applicant (or group of coapplicants) from applying for the same apartment? Or are applicants informed upfront the unit they are applying for may not be available if a pending application on it is approved first?
  • Jimmy Teller
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50181

Multiple people are allowed to apply. First one that signs wins.
  • Bryan Fasulo
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50182

We tell them whoever gets the app in first gets first dibs. It’s pretty simple. If the first app is approved we will refund the other’s fees. If not, they get a shot at it. If told upfront I haven’t ever had anyone upset with that.

After the app approval email is sent, they have 48 hours to sign the lease and pay the deposit. If they don’t, it goes to the next in line or back on the market.
  • Jana Boatman
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What is everyone’s policy in holding a unit for an applicant that’s already been approved? 3 months 2 weeks ago #50183

Ready unit - 7 days. Non ready unit - up to 14.
  • Anson Klaber
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