Rates - Penn Center Apartments

2023-2024 RATE SHEET

· 1 Block to Campus!!!!

· 34 Unit Apartment Building

· All units are 2 Bed/ 2 Bath

· Secure Building with Key Access to Apartment and Bedroom

· Security Guards

· Two Semester Leases

· Fully Furnished

· Utilities Included

· On-Site Parking Available

· On-Site Laundry and Mailboxes

· Roommate Matching Available

· FRESHMEN WELCOME

Shared Bedroom Rates		Per person
	Per Semester	Per Month	Total	Payment Info
Payment Option 1	$1,665.50		$3,331.00	Payments due Aug. 1^st and Jan. 1^st
Payment Option 2		$409.50	$3,685.50	Payments due 1^st of every month
Year Lease Option		$409.50	$4,914.00	Payments due 1^st of every month (May to May)
Financial Aid Option*	$1,665.50		$3,331.00	Fall- $375.00 due Aug. 1^st. Remaining balance due Sept. 1^st Spring- $375.00 due Jan. 1^st. Remaining balance due Feb. 1^st

(*) Grant/Loan paperwork must be submitted to and approved by GN Associates by August 1^st.

Private Bedroom Rates		Per person
	Per Semester	Per Month	Total	Payment Info
Payment Option 1	$3,331.00		$6,662.00	Payments due Aug. 1^st and Jan. 1^st
Payment Option 2		$819.00	$7,371.00	Payments due 1^st of every month
Year Lease Option		$819.00	$9,828.00	Payments due 1^st of every month (May to May)
Financial Aid Option*	$3,331.00		$6,662.00	Fall- $375.00 due Aug. 1^st. Remaining balance due Sept. 1^st Spring- $375.00 due Jan. 1^st. Remaining balance due Feb. 1^st

(*) Grant/Loan paperwork must be submitted to and approved by GN Associates by August 1^st.

Rates are discounted for tenants who choose Payment Option 1.

Security deposit of $299.00 is required along with a completed Application and Roommate Questionnaire to confirm an apartment.
A parking space can be confirmed for a one-time fee of $80.00 for both semesters.

Please be advised that the Application and Agreement to Lease is a binding contract. In the event of a cancellation, the security deposit is non-refundable, if GN Associates locates a replacement. If tenant secures a replacement, the replacement must pay a new security deposit. Once this has cleared the bank, then the original tenant’s security deposit will be refunded, less a $100.00 processing fee. The primary responsibility for locating a replacement on the lease remains with the tenant. If a replacement is not found, the tenant will be held responsible for the full term of the lease agreement.