Stratford Residences, Urbana

Pay In Instalment

• Rent is paid to property in 12 equal rent installments.

Guarantor Requirement

• Due to a large student tenant population, Property has separate qualifications for their on campus and off campus properties. Students with a valid I-CARD leasing an on-campus property do not need to meet the income requirements. Every person over the age of 18 that will be living in the unit, however, must complete a rental application. Property does not require a parent or guarantor to cosign the lease.
• Off campus properties, however, require a cumulative monthly income of three times the monthly rent for approval. In cases where the tenant(s) does not meet this requirement, a guarantor or cosigner may be appropriate. The cosigner must make the income requirement on their own, separate from the monthly income of the occupants. indicating “Cosigner” status. Property will then run a credit and background check and verify the cosigner’s proof of income with two recent pay stubs or bank statement.

Additional Fees

• Parking - US$40/month Optional

Replacement Tenant Accepted

• Current tenants may sublease their unit to another qualified person by signing a sublease agreement with Property. A sublease is a contract between the original tenant (sublessor) and the new tenant (sublessee). The new tenant must fill out a rental application and meet their standard rental application requirements. In addition, the original tenant will still be on the lease, per their original contract, and will still be liable for any damages to the unit. Fees to sublease a unit are $250 and may be paid by either party.

Delayed Arrivals & travel restrictions

• If you are unable to travel due to government-imposed travel restrictions, please contact the team with the relevant supporting documentation. We will facilitate the request to review your circumstances and explore the possibility of cancellation/contract amendment. Requests are considered individually, and any outcome will depend on the property's review and applicable booking terms.

University Course Cancellation/Modification

• If your course has been cancelled by your university, please reach out to the team with the relevant supporting documentation. We will liaise with the property team to review your request on a case-by-case basis for cancellation. The resolution will be subject to the property's assessment and the terms of your booking.

Deferring Studies

• If you have deferred your studies, please contact the team and share your updated university documentation. We will notify the property team to review your request for cancellation/contract amendment. Requests are assessed individually, and the final outcome will be subject to the property's review and booking terms.

Room allocation

• Students can indicate specific room number or location preferences during the booking process, and the team will accommodate these preferences wherever possible, based on availability.

Check in guide

• Approximately 2–4 weeks prior to the scheduled move-in date, students will receive check-in instructions via email. This communication will include the steps required to select a check-in date and time slot, complete necessary documentation, and settle any outstanding payments prior to arrival.
• In case of any questions or queries, please feel free to contact the team, and our team will assist to ensure a smooth check-in process.

Renewal policy

• Students who wish to extend their stay can contact the team for renewal or rebooking at the same accommodation. Our team will support the renewal process and help students secure a suitable room of their choice. Students are encouraged to reach out early to ensure they can rebook the same room or another room of their choice at the same property.

Early check in policy

• Early check-in requests can be shared in advance with the team. Our team will do a feasibility check to facilitate early check-in requests based on room readiness and availability. Additional charges may apply where applicable.