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Frequently Asked Questions

FAQCorporate Housing

Corporate Housing

What are the qualifications for companies on a corporate lease?

You must be in business for a minimum of 1 year and credit must be reported to Experian Business for a minimum of 1 year and reflect 2 positive lines of credit for 1 year OR can have Dun & Bradstreet number but must be 2 full calendar years reported with 3 positive lines of credit. New companies/providers to UDR are only allowed 4 apartments for the 1st 6 months and a relationship has been developed.

What if I am the owner of the company and occupying the apartment home?

The owner must apply and be approved as an individual lease according to the property’s screening standards (credit, income & criminal background) prior to submitting a corporate application. We will then screen the company and add if approved.

What if a company’s employee resides in the home, do they have to complete a background check?

Yes, UDR requires a criminal only background check (forms and photo IDs required) on all occupants 18 years and older – must be provided at least 48 hours before move in.

What are the standard provisions a Corporate Housing company must follow?

May not lease to your occupants nightly or weekly – minimum 30+ day stay requirements for all occupants. UDR requires background checks (forms and photo IDs required) on all occupants 18 years and older – must be run by UDR, cannot be 3rd party screening. Occupant forms and photo IDs must be provided at least 48 hours before move in.  We allow corporate providers to advertise on AirBnB, VRBO, etc. however the setting on those websites must be a minimum of 30+ days.

What are the Corporate Premium fees?

Premiums range from a minimum of $200-$1000 dependent on location, no exceptions. Application fees are $100. Payment for this must be received prior to running a corporate application. We do not accept credit card payments – payment must be made by company check, cashier’s check or money order sent directly to the UDR corporate office.