Wednesday, July 7, 2010

Lease Options

Although we cater to all types of tenants and are not limited to students, because of the inner-workings of the local market, we have "semester-to-semester" leases, although tenants do pay monthly. A 3 semester lease is the equivalent of a 12-month or year lease and the dates are based on and prorated around dates surrounding BYU Idaho semester academic calendar.

Option 1 (Most popular and best value): Full year (3 semester) lease.
Monthly rent: $525/month (r) (w/ ABT discount $515)
This is a transferrable lease. See “term” clause.

Option 2:One semester:
Monthly rent: r + (r/4)
(525) + (525/4) = $656.25 w/ ABT discount $646.25)
(Transferrable only if prospective new tenants willing to finish semester and sign for at least 1 additional full semester)

Option 3:Two semesters:
Monthly rent: r + (r/8)
(525) + (525/8) =$590.62 (w/ ABT discount $580.62)
(Transferrable only if prospective new tenants willing to finish semester and sign for at least 1 additional full semester)

Option 4: (not recommended) Month to month: 1.75r =
1.75(525)=$918.75 (w/ ABT discount $908.75)

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