HOW DO I LEASE AN APARTMENT?

 1. Fill out, print, read and sign the lease and building rules forms (PDF) above.

  2. Fill out the application form on line and give us a call to inform your preferences.

 3. Pay the security deposit (amount of one-month's rent and may be divided equally by residents)

WHAT IS THE SECURITY DEPOSIT?

The security deposit is a form of insurance for the lease agreement. It is not rent, but may be used to fund unpaid rent. It is returned with interest, as governed by Minnesota statute, at the end of the lease term. This money is protected by Minnesota statute and earns interest at legal rate. It is returned at the end of the lease period with interest, less any deductions for rent unpaid or damages to the apartment in excess of normal wear and tear (see building rules for more details).

IS THE LEASE TRANSFERABLE?

The lease term is 12 months for the 2, 3 and 4 bedrooms apartments, and 6 to 12 months for 1 bedroom and efficiency units. The balance of a lease term is transferable, upon management approval, for either individual residents or the entire apartment. The procedure is similar to a dorm contract. Ultimately, it is up to the current resident (s) to locate the substitute resident (s). The new person(s) must be approved by the remaining residents, complete application, lease, building rules and pay the security deposit. Once the new person is approved and his/her security deposit is paid and the remaining residents have signed their approval on the Lease Transfer form, the current resident's deposit is returned and the switch is complete.