1. How do I reserve an apartment at Harrison?
Apartments are held on a first-come, first served basis. In order to reserve an apartment, you must fill out an application and put down a holding fee equivalent to one month’s rent. Upon doing that, you will have approximately 2 weeks to sign a lease and have it cosigned by a parent or guardian. When your application, deposit and signed & cosigned lease are turned in, the rental process is basically over until move-in. At the time of move-in you owe your rental payment as stated in your lease and your holding fee becomes your security deposit.
2. What is the security deposit and how much is it?
A security deposit at Harrison Apartments is an amount used to secure your performance on the leasing contract. The security deposit is equivalent to one month’s rent. This deposit is NOT USED TOWARD RENT. It is fully refundable within 30 days of the end of your lease, provided that you fulfill all of your obligations to pay rent and deliver the apartment back in the same condition it was in when you began living there.
3. Is a cosigner required?
A cosigner is required for all residents of Harrison Apartments. The purpose of a cosigner is to guarantee your payment and adherence to the contract you sign with Harrison. Your cosigner will need to sign your lease and HAVE THEIR SIGNATURE WITNESSED BY A NOTARY PUBLIC unless they sign in front of a member of our leasing staff. Cosigners MUST live in the United States and provide us their social security number for the purpose of credit check.
Some students who are not able to get a cosigner may still apply to Harrison Apartments. Any applicant without a cosigner must be at least 25 years old, have good rental history for the last 2 years, excellent credit, verifiable employment and must pay HIS OR HER FIRST AND LAST TWO MONTH’S RENT UPON MOVE-IN DAY. There are no exceptions to this rule.
4. What is the difference between individual and joint liability?
Harrison Apartments is one of the few campus area properties that offer individual and joint leases. There is a very important difference between the two options that you should understand so you can choose the contract that is right for you.
If you pick an individual lease, you are basically renting out either a studio or 1 bedroom apartment or a single bedroom in a 2,3,5, or 6 bedroom apartment. You will share the living areas like the kitchen, bathroom and living room with either roommates that you pick yourself - option available on the residency application (see below) - or roommates that we match up for you, but by choosing this option you will only be placed into a 6 bedroom apartment - in which case you would fill out a roommate matching form (see below). You are only responsible for your rental amount, not that of your roommates. If they default on their payments, you are not held liable in any way. Individual liability leases are slightly more expensive per person than joint liability contracts.
Joint liability leases bind you to your roommates for the full amount of the monthly rent. For example, if you rent a 3-bedroom apartment, you are responsible for the rent in ONE CHECK each month. Among you and your roommates you may split the rent as you see fit, but it must come to Harrison in one check. Each roommate still must have his or her own cosigner. Cosigners are only liable for a fraction of the total rent. If one roommate were to default, we would attempt to collect rent from their cosigner. However, if they were unable to pay, the remaining roommates would be liable for the entire rental amount. Joint liability leases are less expensive than individual liability contracts.
5. Can roommates choose to live together with different lease terms?
No. If you choose to live with roommates in an individual liability lease you must all choose the same type of lease
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