April 24, 2014 11:21 AM Subscribe
How to get more information on transfer fees?
posted by jenh526 to Work & Money (3 answers total)
I signed a lease a couple of weeks ago on an apartment. I'm basically not happy with the apartment due to some noise issues (both neighbor and traffic). I have a lot of difficulty sleeping anyway, and this is making it worse. Anyway, I went to the apartment manager's office to ask what my options are. They told me that I can transfer to a different apartment in 6 months, but that I would have to pay a transfer fee, in addition to paying back concessions. I asked if I'd have to pay the transfer fee even if I was at the end of my lease, and they said yes. Then I asked for a copy of the transfer policy in writing, since it wasn't in the lease. They couldn't give it to me, but gave me an explanation that since the apartment has changed management companies, that this was the new company's policy. It is not a huge fee ($150), but if I can avoid paying it, I'd rather do that. It doesn't make a whole lot of sense to me that they wouldn't charge this fee for someone new, but that they would for an existing tenant. I've read somewhere online that the fees have to be in accordance with state law, but I don't know how to go about finding it. Does anyone have an idea where I could go to get information on this?