Contact: NAA’s Justin Barker, 703/518-6141 ext. 129
ARLINGTON, Va., Dec. 6, 2011 – The National Lease Program is excited to announce that as of December 15, a new student housing lease will be available for the state of Alabama.
The newly developed Student Housing Lease addresses issues regarding the definition of parties to the lease, the lease term, rent and charges, utilities, security devices, damages and reimbursement, rent increases, repairs, notices, default by resident and more.
Currently, the Student Housing Lease is also available in Texas and Florida. The National Lease Program will launch the student housing specific lease in North Carolina, Georgia, Virginia, Mississippi and Michigan in the future. The expansion of Student Housing specific leases for the remaining 40 states in which the National Lease Program currently operates will follow, based on demand and pending legal review.
This latest offering is among the many positive aspects about the National Lease Program, which, in 2011, continues to experience growth and is positioned well for 2012. A member benefit that has grown to an industry standard for apartment leasing forms has expanded to 42 states.
The National Lease Program is a powerful and easy-to-use leasing technology system that allows an apartment community to save time and money by speeding up the preparation and printing of legal documents. The lease and accompanying addenda cover every aspect of the rental process and are reviewed by expert attorneys to ensure compliance with state laws and local regulations
The National Lease Program is the most widely used residential lease in the country. Customer companies include some of the largest multifamily Real Estate Investment Trusts (REIT) and privately held real estate firms in the country. An NAA National Lease Program lease page is generated every second.
Please visit the National Lease Program website at www.naahq.org/lease for information and contact the National Lease Program and Blue Moon Software, Inc. for an informational webinar.
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The National Apartment Association (NAA) is America’s leading advocate for quality rental housing. NAA’s mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public.
NAA is a federation of 170 state and local affiliates, comprised of more than 55,000 multifamily housing companies representing more than 6.2 million apartment homes throughout the United States and Canada. Members in good standing of any affiliated association are automatically considered members of NAA and entitled to NAA benefits.