SILVER LEVEL BENEFITS

Monthly Cost: $15

What’s Included:

Participants have a waiver amount up to $50,000.

Any damages that exceed $50,000, the resident will be held liable.

An Incident Fee of $250 will be charged in exchange for waived damage costs at the time of a covered incident.

Participants DON’T receive Extra Perks within this Level, (See Gold Level).

*Renter’s Insurance is ALWAYS recommended but is NOT required to participate in the Silver Level Tier.

Participants will ONLY receive the Standard Benefits defined below.

Standard Benefits of All Levels of PTA

In addition to waiving your liability, the PTA program gives additional valuable benefits.

If the entire building in which resident resides must be evacuated for over ten (10) days for repairs or reconstruction due to an accidental fire or flood, then resident will be entitled to the following benefits:

  1. Same-Month Rent Reimbursement - Monetary reimbursement for any rent monies that have been paid by the resident for unused rent. This reimbursement is prorated from the day that the incident occurred.  This is intended to help with expenses of displacement and inconvenience

    2. Lease Termination Protection – PTA resident has the right to terminate the lease as of the date of the incident and move out of the property without liability for termination fees | stipulated damages, waiver of the 60-day notice requirement, and return of their full security deposit (minus any utility reimbursements).  If resident exercises this right of early termination, resident is still entitled to receive prorated Same-Month Rent Reimbursement as set forth above.

    3. Free Rent Vouchers - If PTA resident elects not to terminate the lease and rather to remain a resident at the apartment community, in addition to the Same-Month Rent Reimbursement amount above, resident will receive additional free rent vouchers in the amount of $3,000 that can be applied to rent or to rent differentials on a substitute apartment on-site.

Note:  Free rent vouchers may be used at any time up to six (6) months from the date of the incident.  They are not transferable to any other party or individual.