Resident Transfer Guidelines

As a resident of a David S. Brown Enterprises, LTD. community, you have the ability to transfer to another apartment home within your current community or to another David S. Brown Enterprises community during the term of your lease. Instead of incurring the full cost of breaking a lease, the following are the guidelines that apply to transfers.

 

On-site Transfers

  • A “Transfer Fee” must be paid by the resident; fee varies according to community location.
  • A new application must be completed, and the resident must re-qualify.
  • There must be a 30 calendar day written notice.
  • The resident will be responsible for the rent for the 30 day period.
  • The resident must pay a new security deposit on the new apartment.
  • Original deposit is refunded per the terms of the lease agreement.
  • If there is no pet damage, the refundable portion of the Pet Deposit may be transferred from one apartment to the other; however, the resident must pay the Non-Refundable Pet Fee for the new apartment.
  • All monies owed by the resident must be paid prior to the transfer.
  • Transfer must be to a vacant or on-notice apartment.
  • Residents within the first year of their Lease must have completed a minimum of a 6 month lease term before being considered for a transfer.
  • A new rental rate for the new apartment will be applied and a new 12 month Lease Agreement will be signed.
  • All move-out procedures must be followed in accordance with the Lease Agreement.
  • If the Request for Transfer is rejected or the Resident cancels the transfer, or the resident does not move in to the newly leased apartment, Resident will be held liable for the remaining existing Lease term.
  • In order to transfer to another apartment, it will be necessary for a resident under any lease term to fulfill the above criteria.
  • In order for the transfer to be approved, resident must be in good financial standing and current on all payments.
  • An inspection of the current apartment will be conducted to ensure the condition is acceptable to DSB Enterprises.
  • The Resident rent abatement, if applicable, must be refunded prior to transferring.

 

Transfers from One DSB Community to Another

  • The Property Manager must approve the transfer.
  • A “Transfer Fee” must be paid by the resident; fee varies according to community location.
  • A new completed application must be provided to the new community, and the resident must re-qualify.
  • There must be a 30 calendar day written notice.
  • The resident will be responsible for the rent for the 30 day period.
  •  The resident must pay a new security deposit on the new apartment.
  • Original deposit is refunded per the terms of the lease agreement.
  • Transfer must be to a vacant or on-notice apartment.
  • Residents within the first year of their Lease must have completed a minimum of a 6 month Lease term before being considered for a transfer.
  • A new rental rate for the new apartment will be applied and a new 12 month Lease Agreement will be signed.
  • All move-out procedures must be followed in accordance with the Lease Agreement.
  • If the Request for Transfer is rejected or the Resident cancels the transfer, or the resident does not move in to the newly leased apartment, Resident will be held liable for the remaining existing Lease term.
  • In order to transfer to another apartment, it will be necessary for a resident under any lease term to fulfill the above criteria.
  • In order for the transfer to be approved, resident must be in good financial standing and current on all payments.
  • An inspection of the current apartment will be conducted to ensure the condition is acceptable to DSB Enterprises.
  • The Resident rent abatement, if applicable, must be refunded prior to transferring.