103.03
Residential Leases
Requirements
You must ensure that at least 80% of the units in a Dedicated Student Housing PropertyDedicated Student Housing PropertyMultifamily rental Property in which 80% or more of the units are leased to undergraduate or graduate students. are leased for a minimum term of 12 months.
Guidance
Each student lease agreement should have
- a parental guarantee of the rent, or
- student tenants with sufficient income or other documented financial means to pay the rent.