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

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Jim Wood

Only if they pay a security deposit to hold it pending lease signing

Posted 2 years 7 months ago

Janice Marcum Quill

We are on a rent revenue management program that gives prospects 35 different rates to choose from depending on the length of the lease and date of move in. If they want a date further out, it can be done, but they will pay a much higher monthly rate.

Posted 2 years 7 months ago

Britney Ward

Hi, Sign a lease within 72 hours of approval. Hold up to 2 weeks on stabilized and 30 days on lease up.

Posted 2 years 7 months ago

Shelly Smith Mccomsey

They have to sign the lease within 48 hours of approval. If they cancel before move in they have to pay reletting fee. If they don’t sign lease unit goes back on market and they lose what they’ve paid

Posted 2 years 7 months ago

Chris Peterson

We're tax credit and require they pay 1/3 of the Sec Dep within 5 days of approval which holds the unit for them for 30 days but is not refundable if they decide to cancel on us.

Posted 2 years 7 months ago

Anonymous

I’ll hold for one week with nonrefundable deposit = to their damage deposit.

Posted 2 years 7 months ago

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