WHAT TO KNOW ABOUT SELLING YOUR CONTRACT.

HOW TO SELL YOUR CONTRACT AT MILANO FLATS APARTMENTS

POST YOUR CONTRACT AVAILABLE ONLINE

Utilize as many places as you can. Recommended sites:

  • BYU-Idaho Bulletin Board (this is where most buyers come from)
  • Craigslist
  • KSL
  • Facebook (don’t forget to ask your friends to share)
  • Facebook Housing Groups
  • Instagram
    *Note: Make sure you are posting/reposting often, so your post stays near
    the top of any listings.
WHAT YOU WILL DO
  1. You are responsible for selling your contract at the full price you signed
    for. You can lower the cost to whatever you would like, just know that
    you will be responsible for the difference if any discounts are given.
  2. Notify management in writing of your intent to sell your contract.
  3. Fill out the contract transfer information form that is sent to you with
    your personal information for potential buyers to see on our website.
  4. There is a $150 transfer fee for selling your contract. This fee must be
    paid in full for the transfer to be considered complete.
  5. If you do not find a buyer before your rent is due you will still be subject
    to all terms of the contract, including late fees, if not paid on time.
  6. When a buyer is found, notify management so we can assist with the
    contract transfer.
  7. When a buyer is found you will sign a seller agreement sent to your
    resident portal. This agreement includes details on which semester(s)
    you are selling and who your buyer is.
WHAT YOUR BUYER WILL DO
  1. Fill out an application on the Milano Flats website.
  2. Call, text, or email management to verify they are purchasing your
    contract and note on their application they are buying from you.
  3. Sign their own lease and lease buyer agreement.
  4. Pay their own Application fee and Deposit. The transfer will not be
    considered completed until they have a signed contract and have paid
    their own deposit.
WHAT YOUR APARTMENT MANAGER WILL DO
  1. From the information you provided in the contract transfer information
    form, a listing will be added to our website.
  2. We will add you to our lease transfer list on a first come, first served
    basis.
  3. Future residents seeking to buy a contract from another student will be
    directed to the listings on our website and can contact you through the
    information you provided.
  4. Notify you in writing and finalize your contract transfer after the
    following has happened:
    1. Received a seller agreement signed by you.
    2. The lease transfer fee is paid by you.
    3. A fully signed contract is received from the buyer.
    4. The buyer has paid their application fee and deposit.
  5. Once you have found a buyer, any rent charged toward the semester
    you are selling will be reversed on your account, and applicable refunds
    will be sent to you.
LET’S WORK TOGETHER

We want you to be able to sell your contract. The more proactive you are in the process with keeping the listing posted and seeking to find a buyer the better this typically goes. We have also found that being willing to discount your price will often put you in front of other sellers.

 

Please know that there are times of the year and certain semesters that are more difficult to find a buyer than others, and you are not guaranteed to find a buyer or be released from your contract. If your contract transfer is unsuccessful, you will still be responsible for your contract.

 

I want to help you, please stay in close contact as we work together. If you need any help or advice about knowing what or how to post about your contract, please let us know.

 

If you have any other questions, please call us at (208) 356-3480 or send us an email at [email protected] for more information.

 

Please Note: Parking does not roll over when you sell or purchase a contract. Our parking is on a first come, first served basis and the parking contract will go back into our inventory.

 

 

AVAILABLE CONTRACTS

 

WANT TO SELL YOUR CONTRACT?

Click the button to fill out our form to post your contract for sale. This form is publicly available, so please do not post any private or sensitive information.