IMPORTANT NOTICE
All employee lease addendums must be reviewed and coordinated with the Regional team and approved by the President prior to submission.

If the rental discount percentage is not completed and this Addendum is not approved  by the President approving the discount, the discount will not be honored. In such cases, the full market rent will be due. No exceptions.

This document is solely an Employee Lease Addendum for rent deduction purposes and does not constitute a residential lease agreement. Execution of this Addendum does not grant tenancy and does not replace or override the requirement to apply for, be approved for, and execute a separate residential lease directly with the property.

Employees must first complete the standard rental application, receive approval, and sign the official lease agreement with the property before this Addendum may take effect. This Addendum is only valid when used in conjunction with an approved and fully executed lease agreement.

 

Employee Lease Addendum (Texas)
This Employee Lease Addendum (“Addendum”) applies to all REEP Residential, LLC (“Owner/Management”) employees who receive a rental discount while residing at a REEP-owned or managed property (“Property”). In the event of any conflict between this Addendum and the Lease Contract, this Addendum shall govern, to the extent permitted by applicable Texas law.

Eligibility Requirements
To be eligible for an employee lease and rental discount, the employee must be actively employed with REEP Residential, LLC for a minimum of ninety (90) days prior to execution of this Addendum, unless otherwise approved in writing by Owner/Management.

Employees receiving an employee rental discount are not eligible to participate in resident referral or referral incentive programs, as the employee is already receiving a discounted rental rate.

No Guarantee of Employment (At-Will Disclaimer)
Nothing in this Addendum shall be construed as a contract of employment or a guarantee of continued employment. Employment with REEP Residential, LLC is at-will and may be terminated by either party at any time, with or without cause or notice, subject to applicable law. The housing discount and residency under this Addendum are strictly contingent upon active employment and compliance with all applicable company policies.

Termination of Employment
If the employee’s employment with REEP Residential, LLC or any affiliate ends for any reason:

If Owner/Management requests possession of the apartment, the employee and all occupants agree to vacate the premises within three (3) days of written notice to vacate, or within three (3) days of the employee’s termination date, whichever occurs later, as permitted by Texas law. A notice to vacate may be issued at the time of termination.
Failure to vacate after proper notice may result in legal action, including eviction, in accordance with the Texas Property Code.
Any material violation of REEP policies outlined in the Employee Handbook or the executed Lease Contract may require the employee and all occupants to vacate the premises after receipt of a written notice to vacate, in compliance with applicable law.

Automatic Reversion to Market Rent
Upon termination of employment or commencement of an unpaid leave of absence, the rental discount shall automatically terminate without further notice, and rent shall immediately revert to the current market rental rate, unless otherwise approved in writing by Owner/Management.

Leave of Absence Without Pay
If the employee takes an approved unpaid leave of absence, including but not limited to:

Work-Related Disability Leave
Medical Leave
Military Leave
Family Leave
Personal Leave
the following shall apply unless otherwise approved in writing by Owner/Management:

Market-rate rent shall become due within three (3) days of the commencement of the unpaid leave, as permitted by Texas law.

The commencement date is defined as the first scheduled workday not worked and not paid.
Any unpaid rent balance remaining upon the employee’s return to work may be deducted from the employee’s paycheck, only as permitted by Texas law and with any required written authorization.

Entire Agreement / No Oral Modifications
This Addendum constitutes the entire agreement regarding employee housing and rental discounts. No verbal statements, representations, or prior agreements shall be binding unless set forth in writing and signed by an authorized representative of Owner/Management.

Governing Law and Venue
This Addendum shall be governed by and construed in accordance with the laws of the State of Texas. Venue for any legal action arising from this Addendum shall lie exclusively in the county in which the Property is located, unless otherwise required by law.

Approval Requirement
All employee lease addendums must be reviewed and coordinated with the Regional team and approved in writing by the President prior to submission.

If the rental discount percentage is not completed and this Addendum is not approved by the President, the discount will not be honored, and full market rent will be due. No exceptions.

Employee Acknowledgment
By signing below, Employee acknowledges that they have read, understand, and agree to the terms of this Addendum, including the conditions under which the rental discount may be modified or terminated, and that they were given the opportunity to ask questions prior to signing.

 

2. A criminal background check will be obtained for all occupants of apartments 18 or
older.

3. Employees are not required to pay deposits or administrative fees at the time of
move-in.

4. Employees must pay any prorated rent due at the time of move-in.

5. Should an employee have a pet, storage, or parking/garage space, they must pay the required deposits and non-refundable fees, as applicable.

6. All move-in paperwork, including this Addendum, must be signed by the employee, all adults who will live in the apartment, and approved by the President before moving in. Once signed this copy will be sent to The president, Accounting and HR. A copy will also be uploaded to your employment file. 

7. Once approved, accounting will post the monthly discount and the employees’ rent to their account in Resman. Onsite employees may not enter the employee’s rental discount or post their rental payment. Only accounting is authorized to post after they receive and approve this form.

8. Employees are responsible for the cost of their utilities and any other fees required per the lease contract while living in the apartment.

9. If the community requires its residents to obtain renter’s insurance coverage, the employee must provide proof of coverage before moving in.

10. If the employee chooses to move off the property during employment, written notice must be given as required by the Lease Contract. Failure to do so will result in the assessment of penalties for early lease termination, as described in the Lease Contract. A STOP Rent Payment form will need to be filled out and sent to the emails above to stop rent from being deducted from the employees pay check.