Looking To Reassign Your Contract?
Getting Started
Follow these simple steps to begin the process of reassigning your housing contract to another person.
- Locate a potential candidate. You will be responsible to locate the individual whom you would like to take over your contract.
- Fully complete an Assignment Intent Form. Resident must sign before we can accept.
- Have the incoming resident apply. The individual who is taking over your contract must apply and be approved before your reassignment is completed.
- Pay the assignment fee. The Re-Assignment fee can be found in the lease agreement.
Verification
Once the incoming resident is approved in our system, the following steps will need to be verified before we can facilitate your reassignment:
- You must have a current balance of $0.
- All forms and fees are submitted and paid.
- You must turn in keys. Please note you will need to coordinate with the incoming resident your expected move-out date. Our office will need 48 hours to process your move-out, which would prevent the incoming resident from moving in any time within the 48-hour window. The new resident’s move-in date must be a weekday during office hours and cannot be on a Saturday or Sunday.
- Incoming resident must move in.The incoming resident must move in for the current resident to be fully released from the contract.
New Tenant
Prior to the incoming resident moving in, they will need the following items verified before we can issue keys:
- All fees paid, including first installment.
- Completed registration of SimpleBills account.
- Verified proof of insurance or enrolled in Landmark Liability Insurance.
- Acknowledge the 48-hour window before picking up keys.
- Complete petscreening.com registration. This is required even if you do not have a pet.
Housing Contract Reassignment FAQs
By reassigning your contract, you are releasing all obligations of the contract to an approved applicant to resume said obligations through the duration of the contract. When you Sub-lease the subtenant must pay rent and comply with the lease terms, but the principal tenant remains ultimately responsible for the lease. The Standard at State College does not allow subleasing and reserves the right to remove any one person not legally covered under an executed contract.
The office does not facilitate advertising available reassignments nor finds potential applicants; however, several residents find success searching through various social media groups.
If you cannot successfully find someone to reassign your contract, we will remove the re-assignment fee from your account and credit the amount paid onto your current account balance.
The bedspace will not be cleaned before the new tenant moves in. All people taking over a lease agree to accept the unit in As-Is condition and must sign an As-Is Unit Acceptance form as part of their leasing documents – this is a requirement for all current term reassignments. If the lease term has not started and is a “Future Lease” the latter does not apply.