Lease Terms: Each suite owner signs one-year leases and can renew annually.  

Rent Payment: Suite owners may pay weekly or monthly by auto draft. 

Renewal and Termination: Returning the Suite, when your lease ends, the tenant must return the suite to the landlord in a clean and good condition. Normal wear and tear (like minor scuffs or aging) is acceptable, but any major damage caused by you must be repaired.

Deposit Policy:

Security Deposit Amount: $370 for suites without plumbing. $392 for suites with plumbing. 

• Purpose of the Deposit:
  The security deposit is held to cover:

• Unpaid rent or fees.

• Damages to the suite beyond normal wear and tear.

• Cleaning costs if the suite is not returned in clean condition.

• Payment Requirements:

  • The security deposit is due in full at the time of lease signing, along with the first week’s rent.Conditions for Return:

The deposit will be refunded in full within 30 days after the lease ends, provided:

• The tenant has no outstanding rent or fees.

• The suite is returned in good and clean condition.

• There are no damages beyond normal wear and tear.

Deductions:

• Any necessary repairs, cleaning, or unpaid fees will be deducted from the deposit. The tenant will receive an itemized list of deductions, if applicable.

• Non-Refundable Situations:

• If the tenant breaks the lease early without proper notice.

• If damages exceed the deposit amount, the tenant may be billed for the remaining balance.

Forfeiture of Deposit:

• The security deposit may be forfeited entirely if the tenant vacates without notice or fails to meet the move-out conditions.