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REMI Rental Policies
1. We require a photo id and a guest card to be completed before showing any of our properties. For applicant(s) to be approved all applicant(s) on the lease must meet the following guidelines; due to the fact that all REMI leases are joint severalty (no individual leases).
A. Each applicant must complete an application and pay a $20 Application Fee. B. Each applicant must provide at least two (2) years of rental history. C. Combined income must equal 2 times the amount of monthly rent or 3 times the amount of monthly rent and utilities combined. D. Every renter MUST carry Renter's Insurance for the rental property and their personal belongings, effective Jan.1, 2009.
2. There is one person permitted in each bedroom in all REMI properties.
3. All parties are responsible to sign the lease within seven (7) days of notification of approval. Once approved, the LMR (last month's rent) is due at the time the lease is executed.
4. All applicants are responsible for paying the application fee, and the security deposit at the time the application is submitted for approval.
5. In order to hold an apartment/house, you need to submit a NON-REFUNDABLE security deposit equivalent to one month's rent with your completed application. In some instances you may be required to fill out an application before viewing a property. Upon approval and lease signing you maybe required to pay an LMR (Last Month's Rent, for student properties and in some other cases at management's discretion). If applicant signs a lease prior to REMI completing the applicant process and REMI finds disqualifying information REMI reserves the right to VOID the lease.
Note: A co-signer is required for the following situations:
A. If the applicant cannot fulfill requirement "C" listed above, B. If the applicant is a full-time student or will plan to be a student during the term of the lease, or C. If the applicant is under the age of 21.
6. Small pets are accepted only in a few places. The pet deposit is $300 and $100 of it is non-refundable. There is a $20 monthly "pet rent". Absolutely no pets allowed on REMI campus properties!
7. Starting on September 1, 2008, we will strictly be enforcing our one (1) check policy and late fee policy. In rare situations, we do offer a five (5) day grace period as a courtesy. Any rent not received by the 5th of each month will incur a penalty of ten ($10) dollars per day, retroactive back to the first. For example, if your rent is received on the seventh (7th) day of the month, the late fee would be seventy ($70) dollars.
9. One-check policy: If you have more than two (2) persons who pay rent and live at your residence, we will ONLY accept rent and utility payments on (1) check, per your lease. If we have to provide extra bookkeeping management on your account, you will be charged forty-five dollars ($45) an hour. For example, if you do not know which roommate owes money and we have to reconcile your account, you will be billed for the service on the hourly rate stated above.
We absolutely cannot hold any unit without a holding deposit and signed lease first
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