In order to qualify for the Stanford Rate, the Stanford affiliate must occupy the apartment as his/her principal place of residence. A premium of $200 per month applies to new leases and renewals with a duration of less than 6 months. Colonnade Apartments is currently only renting to 1A thru 2B priorities.
Eligibility Categories 1a through 2b:
- 1 Bedroom Rates From $2,833 to $3,365
- 2 Bedroom Rates From $3,589 to $4,370
At least 60 days before your lease is set to expire, you will receive a renewal letter in the mail. It will contain your new rental rate and an information form that needs to be completely filled out. You will also need to provide a copy of current renter's insurance. When completed, please turn into the Leasing Office. If you have any questions about the paperwork, contact the Leasing Office at 650-559-8500 or email@example.com.
Rental Rate Eligibility
Non-Stanford rental rates may also apply to those renters who are ineligible for the Stanford rate. In order to maintain occupancy at the Stanford Affiliate Rate, the original eligible Stanford person must occupy the apartment as their principal place of residence. If the Stanford affiliate is in contract to purchase a home or owns a home within the Qualifying Area or one using Stanford’s programs, the affiliate will be subject to paying a non-Stanford rental rate. All rental rates are subject to change. A premium of $200 per month applies to new leases and renewals with a duration of less than six to nine months.