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Lease renewal / tenant move-out requires 60 day notice (2 full months) and are in touch with all <br />tenants between 60-90 days prior to end of lease to get things in place. <br /> <br />No payment is requiredto Acuity Group until theyrent theproperty. There is a great need forrental <br />properties in this area. According to Acuity group, the last several properties they secured tenancy for <br />took less than 2 weeks to complete  and they have some of the most stringent tenant criteria in the <br />rental industry. <br />Monthly management fee = $100.00 <br />Placement Fee = 100% of rent value <br />Lease Renewal Fee = 25% of rent value <br /> <br />Acuity Group also manages two properties owned by Elk River Municipal U <br />results with the company. <br /> <br />Financial Impact <br /> <br />The HRA will receive monthly rental income of $1,100 less the monthly management fee of $100. <br /> <br />Attachments <br /> <br /> <br />Acuity Group Management Contract <br /> <br />N:\Departments\Community Development\Economic Development\HRA\Administrative\Agenda\2017\06.05.2017\7.3 sr Management <br />Agreement.docx <br />