Current Tenant Exclusive-Renewal Information

As a current Tenant, we can hold your property for your group until  September 15th.  To exercise your group's Exclusive-Renewal option your group must complete the following steps no later than the three deadlines listed below.  There are two major advantages in choosing the Exclusive-Renewal over waiting to renew after the Exclusive-Renewal period.   The first advantage of the Exclusive-Renewal is that the property is held only for your group and no one will be able to rent the property.  Secondly, if you complete the Exclusive-Renewal by the three deadlines, we waive the application fees for all Tenants which saves $45 a piece.  

If you miss the Exclusive-Renewal deadlines, you are still able to rent the property but you will be on equal standing with everyone else.  We must choose the first group to either put a hold on the property or the first group to submit their applications.  You will also need to pay the application fee again if you don't meet the Exclusive-Renewal deadlines.

THE PROCESS IS AS EASY AS 1 - 2 - 3 .

September 11th:    Castle Property will send notice to all Tenants about lease renewal and publish the new rents and terms on the web site.  If you are graduating or for any other reason you do not plan on renewing your lease, consider giving your Exclusive-Renewal privileges to friends if you won't be taking advantage of this opportunity.

DEADLINE 1:     September 15th (at 5:00PM)  If you want to take advantage of the Exclusive-Renewal, we need to receive notice by this time from your new house manager.  Notice should be by an e-mail sent to  (office @ castleproperty . com)  and should include the following items:

1:   The property address.
2:   The name of the House Manager.
3:   For each room, the name of the Tenant, rent amount, phone and e-mail 

Example:

We plan to renew our lease at 123 Example Street for the 2007-08 school year.

House Manager:  Tom Smith

Room 1:  Joe Jones , $375.00,  540-890-1111,  jonesje@jmu.edu
Room 2:  Eric Norge , $385.00 , 804-999-9999,  norgeeq@jmu.edu
Room 3:  Tom Smith  , $370.00 , 703-888-1111,  smithtr@jmu.edu
Room 4:  Alan Jackson,  $405.00 ,  919-111-2333,  jacksoa5@jmu.edu

End of Example

After receipt of your notice, we will calculate the difference in security deposits for returning Tenants and list all items needed from each member of your group.  We will reply to your notice within one business day..

DEADLINE 2:     September 21st (at 5:00PM)  If you want to take advantage of the Exclusive-Renewal, we need the monies and paperwork requested in our reply.  These should be delivered to our office, our fax machine or placed in the drop box in front of our office by the deadline.

After receiving your monies and paperwork, we will reply with a summary of information for each Tenant to review.  We ask that each Tenant confirm the information and make sure we have correct information to prepare the leases.  Leases will be ready within 2 business days of receiving the last confirmation.

DEADLINE 3:     September 30th  (at 5:00PM)  If you want to take advantage of the Exclusive-Renewal, we need each Tenant to come to our office and sign his/her new lease.  If a tenant is out of town, we can send the lease directly to their co-signer.  We would prefer to set an appointment for the entire group for returning Tenants, we can set up walk-in signings as needed.