Sell Your Lease
Procedures to Sell a Contract
Contact our office to notify us you are wanting to sell your lease.
ADVERTISE!!! Talk to friends, family, classmates and spread the word! Post in the classifieds(ksl.com and craigslist are both free), social media, facebook marketplace or housing pages and on UVU’s housing website.
Refer any interested persons to our website to apply. They will need to fill out an application and pay the $50 application fee and $125 administrative fee. They need to write on the application that they are wanting to take your contract. Do not promise your contract to anyone or tell them they can buy your contract until they are approved by management.
Once an application is approved by Management, we will have the applicant sign a lease and pay the $200 deposit. You as the seller and the buyer will be sent a lease transfer agreement to both sign for this contract transfer (This is sent via DocuSign). If any incentives (current month, give last month’s rent, give remaining deposit, etc.) have been discussed between you and the buyer they will need to be noted on this form.
DO NOT assume that your contract is sold. Nothing is official until the prospective buyer has signed the lease and paid the deposit. Management will be the last to sign the transfer agreement and you will get a copy with all 3 signatures once the lease is sold.
Schedule a check out appointment. Keep in mind that we will need at least 2-4 business days to prep the unit for a new tenant.
Your deposit and/or Last Month’s Rent (if applicable) will be returned to you (up to 30 days) upon the sale of your contract.
**There is a $100 selling fee that must be paid at the time you decide to sell your contract.
Please remember that you are responsible for the entire contractual period if your contract does not sell. If the contract does not sell and you choose to move out, you are still responsible for rent and utilities for any time period thereafter until it sells or until the contract period ends.