What are some of the explanations you give for transfer fee when it is still charged at end of lease?
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Jennifer Kennedy
It all depends on the amount of the transfer fee. Our transfer fees at the end of the lease are typically less than the fees a new resident pays. I have made them higher on properties with excessive transfers.
Guest Insider
Mid-lease, it's in place of the early termination fee for the contract they agreed to, and significantly less. End of lease (or writing 30 days of), no fee.
Jennifer Kennedy
We charge transfer fees at end of lease term. The benefit for our process is that they do not have to pay new app and admin fees as they would still need to apply and qualify for the apartment they want to transfer too. We also find many transfers, whether at the end of the lease or not, fail to give proper notice requirements per their lease (60 days) and as long as it is a reasonable notice (minimum 30 days) we typically waive that fee. I don’t know what your transfer fee is but for us it is nominal considering the benefits. We charge 1/2 the cost of the transfer fee if at end of lease and full transfer fee if breaking the lease.
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05 Feb
