
Selling Your Contract

When you sell your contract, you remain fully responsible for the entirety of that contract until it is sold or expires. Meaning that if you are unable to sell, you are still responsible for all rent and utilities until your contract expires.
You are welcome to offer incentives to encourage someone to take over your contract (e.g., covering the deposit, paying the first month’s rent, or offering a rent discount). All incentive arrangements are private agreements between you and the buyer; the office will not manage deposit transfers or other offers, as these are not part of the written contract.
Please complete the Intent to Sell Form, as soon as possible, even if you are only considering moving. Management must be aware that you plan to sell so that interested individuals can be directed to you. While management may assist in finding someone, it is ultimately your responsibility to secure a suitable replacement. Once you have found a buyer, the prospective tenant should complete an application on our website. Once you have directed them to the application, please notify the office via text or email. Please include the applicant’s name, your planned move-out date, and the anticipated start date of the prospective tenant's contract.
After the new tenant has been approved, we will prepare their contract and an invoice for the security deposit. Once everything has been signed and paid, your contract will be officially sold. You remain responsible for your contract until the buyer’s contract start date and must complete a proper check out with the office. Please see the midsemester move-out information and cleaning check list, and complete the Roommate Release Form.
Please note that contracts are prorated by the day to ensure fairness. Here is a brief explanation: to make monthly payments simple, the total amount due for the entire contract is divided equally across 12 months. Each month's payment is equal regardless of the number of days in the month. Meaning when you move out in the middle of the contract you may either owe or be owed a few prorated days of rent to make up for that difference depending on the number of days that you have been in the contract.