SENIORS APARTMENTS AT BALMORAL PLACE TENANCY OVERVIEWThe following is intended to provide you with some additional details on the specifics of the terms of tenancy for the Seniors Apartments at Balmoral Place. The terms of tenancy here differ greatly from a standard rental apartment.
At Balmoral Place, the Seniors Apartment tenants will be able to make their initial monthly rent and program fee payment on, or before, the day they move-in, but unlike a standard apartment we will not require payment of the last month’s rent.
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In addition, we do not require a 12-month fixed tenancy term, however, we will require written notice of vacancy 60 days in advance of the scheduled move-out date. Prior to moving in, residents will need to sign a tenancy agreement and set up their pre-authorized payments to be posted on the first day of each month. Any mid-month move-ins will be pro-rated accordingly.
We understand that our residents’ circumstances may change unexpectedly, so for those residents who decide to move directly from the Seniors Apartments to the Retirement Residence at Balmoral Place, we will not require written notice of vacancy. We will simply adjust the rent and program fee based on the date of the transfer.
We understand that our residents’ circumstances may change unexpectedly, so for those residents who decide to move directly from the Seniors Apartments to the Retirement Residence at Balmoral Place, we will not require written notice of vacancy. We will simply adjust the rent and program fee based on the date of the transfer.
