Leasing Info

Thank you for considering a lease with CBS Rentals LLC!  The following information is intended to help alleviate the stress of finding the perfect house or apartment for you and your friends. If you have additional questions, please call the CBS Office. If you are a current tenant seeking information regarding lease renewal, please click here.

How do I get started?

We have a great website with up-to-the-minute updates on property availabilities and rates. You can use the Search tab on our home page to search according to location, number of residents, availability and type (house or apartment) or utilize the Map Search to focus attention on a desired area. All properties are displayed with interior photographs and floor layouts. After you narrow your search, you may go visit the properties. Tours can be scheduled through the CBS Rentals office for weekdays between 10am-4pm, but please keep in mind we must provide our current residents with 24 hour notice prior to showings. CBS strongly urges prospective tenants to tour the property before signing the lease. Please note that official tours begin after the renewal deadline for current residents has passed.

How do I apply for a property?

When you decide on a property, each person in your group must complete a Student Lease Application either online or in person at the CBS Rentals office. There is a thirty-five dollar ($35), non-refundable processing fee for each application. A Student ID and government issued photo ID (drivers licence, passport, etc) must be submitted with each application. 

Do you have a Wait List?

We do maintain a Wait List for properties during peak leasing times. Starting August 1st, 2019 we will begin accepting applications for the Wait List for the 2020-21 lease term which enables your group to rank your top six property preferences. You must already have at least half of the members of your group and pay the Lease Application processing fees for your entire group. For example: if you and two friends want to rent a 6 person house, you must complete your lease requests and pay $210 for the Lease Application processing fees. When you assemble the rest of your group, the new members can pay you their shares of the processing fees. Once you have submitted your Lease Applications and paid the processing fees in full, CBS will Time/Date stamp your application and add you to the Wait List.

The Wait List is maintaned while current residents are considering renewal. After the renewal deadline,  we will contact groups on the Wait List. It is very important that you decide on a designated contact person for your group who we will call when a property becomes available. If your group is next in line for an available property, we will call the designated contact person for your group. Once we reach you, your group must be ready to come in immedaitely to sign the lease. If we cannot reach your designated contact person, we will have to offer the property to the next group in line.

Once all groups from the Wait List have been contacted, all remaining properties will then become available on a first come, first served basis.

What do I need to know about signing a lease?

CBS strongly encourages prospective tenants to read carefully through the lease prior to lease signing and to be prepared to discuss questions during the lease signing appointment. We prefer that all members of a group come to sign at the same time. We realize that is not always possible, however we do require at least half of your group to be present at the intial lease signing.

The Security Deposit payment, an amount equivalent to one month's rent, is due in full at the time of the initial lease signing. Payments may be made by credit card, personal check, cashier's check, money order or cash (change cannot be made onsite). 

As a convenience to our tenants, we do accept individual payments for security deposit. Please note: You are signing a joint and severally liable lease and you are paying one security deposit. Although you may choose to divide this amount among yourselves and submit several checks, you are still paying one amount. At the end of your lease, this amount, less any damages, will be returned to the one (1) person your group designates on the lease. Next year, if some residents wish to renew the lease and others choose not to re-sign, you will be responsible for exchanging individual security deposit amounts between incoming and outgoing residents.

Stop By and Say Hello!

We hope this information has helped to clarify the leasing process. Please call or stop by our leasing office at 120 13th Street NW (behind The Graduate Hotel) if you have any questions. We look forward to working with you!