The Standard To Experience Delays, Estimated Move-In for Most Tenants is October

Published Tuesday, July 19, 2016 at 4:00 pm

 

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The Standard at Boone, a student housing development near App State, will experience move-in delays for the fall semester as a result of unforeseen construction delays, challenging weather conditions and a tight labor market. The estimated move-in date for most tenants will be early October rather than the originally scheduled August 13.

The entire team is working diligently to get residents moved in as quickly as possible. In the meantime, all lessees have been notified of the delays, and Landmark Properties has offered two temporary options for our residents:

Option 1: Residents will be provided temporary housing at a nearby hotel in Boone. Landmark Properties will incur all costs and make all arrangements. Additionally, their rental accounts will be credited at half the prorated daily amount for the number of days between Aug. 13 and the day they move into The Standard. For example, if their monthly rent is $830, their daily credit would be $27 / 2, equaling $13.50 for each day they are delayed. Finally, these students will also receive a $250 gift card upon arrival at their hotel as a concession for this inconvenience.

Option 2: For those students who do not require temporary housing (for example, they have chosen to live at home or stay with a friend or family member), Landmark Properties will provide an account credit at double the prorated daily rental amount for the number of days between Aug. 13 and the day they move into The Standard. For example, if their monthly rent is $830, the daily prorate rate would be $27 X 2, equaling a $54 per day credit to the resident’s account. They will also get a $250 gift card.

We will continue to update the lease holders and the Appalachian State University administration as often as possible with progress updates and projected move-in dates.

While we regret the delay, Landmark Properties remains steadfast in its commitment to provide an unsurpassed living experience and best-in-class product.

*Release on behalf of Landmark Properties

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