What is an Internal Transfer? Understanding the Process for Tenants

An internal transfer refers to the process by which a tenant moves from one unit to another within the same property or rental management company. This option often arises when tenants need more space, desire a different layout, or want to relocate to a different area.

Why Consider an Internal Transfer?

• Space Needs: Changes in family size or lifestyle may necessitate a different unit type.
• Location Preferences: Tenants might want to be closer to amenities or move to a quieter area.

The Internal Transfer Process

1. Submit a Request: Complete an internal transfer request form, providing details about your current unit and the desired unit.
2. Await Approval: The property management will review your request, considering factors like availability of units, tenant history, and the reason for the transfer.
3. Unit Viewing: If approved, you may be invited to view available units that fit your criteria.
4. Finalize the Transfer: Once you select a new unit, you may need to sign a new lease agreement or an addendum to your current lease.
5. Rental Deposit: A new rental deposit is charged, any surplus on your deposit appropriation on the old unit will be transferred to the new unit however, please note that a top-up may be required to meet the total deposit required.
6. Move-In Coordination: Work with management to set a move-in date and arrange for any necessary inspections or preparations for the new unit.
7. Moving Out: Before moving, ensure your current unit is cleaned and in good condition to avoid potential charges.
8. Enjoy Your New Home: Once the move is complete, settle into your new space and enjoy the benefits of your internal transfer!

By understanding the internal transfer process, tenants can navigate their options more effectively and find a living situation that better suits their needs.