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Aspen Heights Stillwater Lease Agreement

Aspen Heights Stillwater Lease Agreement: What You Need to Know

If you`re a student looking for off-campus housing near Oklahoma State University, chances are you`ve heard of Aspen Heights Stillwater. This popular housing complex offers a variety of amenities and floor plans to meet the needs of any resident. However, before you sign on the dotted line, it`s important to fully understand the lease agreement and what you`re agreeing to.

Here are some key things to know about the Aspen Heights Stillwater lease agreement:

Lease Term: The standard lease term at Aspen Heights Stillwater is 12 months, starting in August and ending in July. However, they may offer shorter lease terms if there are still units available closer to the start of the semester.

Rent Payments: Rent is due on the 1st of every month and can be paid online through the resident portal. Late fees of $50 will be charged if rent is not paid by the 5th of the month.

Roommates: If you choose to live with roommates, each tenant will sign their own lease agreement. Aspen Heights Stillwater does not offer individual leases, so if one roommate fails to pay rent or violates the lease agreement, all tenants could be held responsible.

Utilities: The lease agreement includes a utility cap of $25 per person per month. If utility costs exceed this amount, the excess will be divided evenly among all tenants.

Pets: Aspen Heights Stillwater is a pet-friendly community, but there is a maximum of two pets per unit and certain breeds are restricted. A non-refundable pet fee of $350 is required for each pet.

Renewal: Residents have the option to renew their lease agreement at the end of their term. However, rent prices may increase for the following year.

Early Termination: If a tenant needs to terminate their lease agreement early, they will be responsible for paying rent until the unit is re-rented or until the lease agreement ends, whichever comes first. A re-leasing fee of $350 is also required.

Security Deposit: A security deposit of $250 is due upon signing the lease agreement. This deposit is refundable at the end of the lease term, provided there is no damage to the unit.

Overall, the Aspen Heights Stillwater lease agreement is fairly standard for student housing complexes. However, it`s important to read and understand the lease agreement fully before signing. If you have any questions or concerns, be sure to ask the leasing office before making a commitment.

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