What is the policy for renewing a lease with Equity Residential?
Equity Residential has specific policies regarding lease renewal that typically involve a combination of factors such as the terms of the current lease, market conditions, and the tenant's rental history. Generally, tenants can expect to receive a renewal notice 90 to 120 days prior to the expiration of their lease. This notice often includes information about any proposed changes to the rent or terms of the lease.
Tenants typically have the option to review the renewal terms, including any adjustments to the rental amount, and make a decision about whether to accept the renewal or pursue other housing options. It is important to carefully read the renewal notice to understand any changes.
If a tenant wishes to negotiate the terms or has specific questions, the best course of action is to reach out to the onsite management team for assistance. Detailed information regarding lease renewals and other policies can be found on the Equity Residential website, where updated procedures and details about the leasing process may also be available. As always, it is advisable to refer to the most current documentation provided by Equity Residential for accurate information.
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