Resident will receive BUILDEQUITY cash upon complying with the
following:
1.Resident must fulfill all of their lease provisions,
including:
- Resident must pay all rent and other feew on time pursuant to
their lease.
- Resident must occupy the apartment for the full term of their
lease (minimum 1 year lease).
- Resident complies with all their lease terms and
obligations.
2. There is currently no Enrollment Fees to participate in
this program.
3. BUILDEQUITY cash is earned at 20% of monthly rent.
| |
Example 1 |
Example 2 |
| Monthly Rent |
$1,300 |
$895 |
| Earned Cash |
$250 (max) |
$179 |
| Annual Cash Earned |
$3,000 |
$2,148 |
|
Number of Months to Earn Maximum Benefit of $6,000
|
24 |
34 |
4. Resident can apply cash towards the down payment,
closing costs and/or purchase price of the home. BUILDEQUITY
cash is subject to community qualification and mortgage program
guidelines.
5. Resident will be given a "Certificate of Cash" from
their Leasing Consultant (sample certificate is available) which
will identify the amount of cash earned. This certificate
must be presented to the salesperson on your initial visit to each
community.
6. This program cannot be used in conjunction with other
Lead Generating Incentives (including Broker commissions, Friends
and Family, Realtor Co-op, Employer Group programs, etc.) or may
not be combined with any other offer, incentive, or discount.
7. The BUILDEQUITY program may be modified or cancelled
anytime without notice. However, your earned cash will beh
onored from the time of enrollment to the time of modification or
cancellation of program.
8. If the resident moves to a different Palazzolo-managed
apartment community with no more than a 120-day lapse, resident
will continue to earn cash.
9. BUILDEQUITY cash expires 120 days after moving from apartment
community.