June Homes 60622, Chicago

Booking Deposit

• 1. To book a room with the property, you need to pay either:
• (a) A refundable security deposit equal to one month of rent, or
• (b) A one time move-in fee of $500 (per room).
• 2. Your upfront costs are determined by your move-in date and length of stay.
• (a) If your move-in is before the 10th of the month and your stay is more than a month, your upfront costs will be:
• 1. Security Deposit.
• 2. First month's pro-rated or full charges.
• (b) If your move-in is on or after the 10th of the month and your stay is less than two months, your upfront costs will be:
• 1. Security Deposit.
• 2. First month's prorated charges.
• 3. Full second month's charges.
• (c) If your move-in is before the 15th of the month and your stay is more than two months, your upfront costs will be:

Mode Of Payment

• The rent payments can be made through PropertyWare, Stripe & Flex. Please note that these payment methods charge transaction fees for different payment methods, over which they have no control. Payments made through checks or third-party platforms other than PropertyWare, Stripe or Flex will not be accepted.
• PropertyWare charges different transaction fees for different payment methods: each ACH/direct deposit transaction is charged a $2.95 fee, each cash transaction is charged a $3.75 fee and each credit card transaction is charged a 3.10% transaction fee of the payment amount.
• Stripe sends invoices via email through which payments can be made directly by entering debit/credit card details and they charge a 3.5% transaction fee.
• Flex is a payment plan option which can only be used for monthly rent payments, not for the upfront payments or prior to moving in to the unit. It can also be used only by tenants who are paying through PropertyWare.

Guarantor Requirement

• Below are the requirements you'll need to meet in order to qualify as a resident:
• 1. Proof that your monthly income is 3x the monthly rent or proof that you have 60x the monthly fee in cash assets. You can prove cash assets by providing banking statements
• 2. An above 650 credit score
• If you don’t meet the resident requirements to qualify for a home on your own, you will need to apply for a home with a guarantor who will co-sign your lease. The guarantor must provide:
• 1. Proof that their monthly income is 5x the monthly fee or proof that they have 80x the monthly fee in cash assets
• 2. A credit score of at least 650
• Please note: If you can’t find anyone to act as a guarantor, you can use the services of "TheGuarantor" and they will act as your guarantor by co-signing your lease for a fee, helping you qualify.

Additional Fees

• 1. The Membership Fee varies based on the apartment and room type, averaging around $169 for an entire apartment and $126 for a private room.
• 2. Couples need to pay an additional $350 per month.
• 3. For pets an additional monthly fee of $50 for a cat and $100 for a dog will be charged.
• 4. There is a $6 utility management fee which is charged monthly, by the property, to take care of the utility bills.
• 5. Lock-out fee: $100.
• 6. $20/month home essentials stipend for tenants in shared multi-bedroom apartments that you can use to buy home essentials for you and your roommates (e.g. toilet paper, hand soap, dishwasher pods, paper towels, etc.)
• 7. Parking is an additional service and charges can go from $150 to $250 per month depending on the city.
• 8. Utilities are divided amongst the tenants in a household and are based 100% on consumption except for the Internet. The Internet has a stable monthly fee. Utilities can depend on cities but they can use these as ballpark estimates:
• Electricity: $40 - $80 depending on seasonality
• Gas: $20 - $50 depending on seasonality
• Water: $50 - $100 depending on seasonality

Pay In Instalment

• 1. Upfront Payment
• 2. Payment in monthly payments.

Cooling Off Period

• The property does not offer any cooling-off periods, all contracts are legal and binding.

Early termination by students

• 1. If you'd like to terminate early, the property requires a 60 days minimum notice.
• 2. The notice is considered effective from the 1st day of the next rental period. For example, if you submit your 60 days notice on May 15th, it will count as 60 days from June 1st.
• 3. Should you wish to exercise the option to terminate your lease prior to the agreed-upon end date, the property requires a surrender fee equal to 1 month's rent if your requested new lease end date is between June 1st & August 31st.
• 4. For requests with new lease end dates between September 1st & April 30th, the termination fee is 1.5 months' rent. The fee is paid upfront at the date of the notice.

Delayed Arrivals & travel restrictions

• If you are unable to travel due to government-imposed travel restrictions, please contact the team with the relevant supporting documentation. We will facilitate the request to review your circumstances and explore the possibility of cancellation/contract amendment. Requests are considered individually, and any outcome will depend on the property's review and applicable booking terms.

University Course Cancellation/Modification

• If your course has been cancelled by your university, please reach out to the team with the relevant supporting documentation. We will liaise with the property team to review your request on a case-by-case basis for cancellation. The resolution will be subject to the property's assessment and the terms of your booking.

Deferring Studies

• If you have deferred your studies, please contact the team and share your updated university documentation. We will notify the property team to review your request for cancellation/contract amendment. Requests are assessed individually, and the final outcome will be subject to the property's review and booking terms.