OPTION 1: FIND A REPLACEMENT
1. You will use your own resources to find your replacement.
2. Replacement must be approved by the property.
3. Replacement must be the same gender for shared apartments.
4. Replacement will sign a new lease with management (The new lease’s end date will be the same as yours & the rent amount will be the same as yours for the duration of the lease. If the replacement wishes to extend, he or she must contact the property).
5. Eligible for rent and deposit refund after a replacement is approved, signs the new lease, and makes a payment for the deposit and the first month’s rent.
OPTION 2: MANAGEMENT FINDS A REPLACEMENT FOR YOU
1. Responsible for paying your rent until a replacement is found.
2. Tenant will be charged for the re-rent costs that Lessor will incur, which include but are not limited to the time and expenses in finding and renting to a new Tenant such as employees costs, advertising, marketing, and other expenses.
3. Eligible for a rent and deposit refund if a replacement is found.