Single-Family Rental Residents Given a 'Bill of Rights'
Tricon Residential expresses its priorities in writing.
Single-family rental residents now have their own “bill of rights,” based on a list created by Tricon Residential.
The company says it is the first of its kind among single-family rental housing providers in the United States.
Gary Berman, Chief Executive Officer and President of Tricon, said in prepared remarks that residents deserve transparency and dedication from their housing provider. The rights are:
- Right to Shelter
- Right to Renewals
- Right to Fair Advance Notice
- Right to Moderated Rent Increases
- Right to Participate in Financial Health and Credit Builder Programs
- Right to Buy Your Home if We Decide to Sell
- Right to Our Support if You Buy Another Home
- Right to Respect
NRHC Applauds Tricon’s Leadership
David Howard, executive director, National Rental Home Council (NRHC), tells GlobeSt.com, “Tricon’s commitment to honoring a resident-focused Bill of Rights is another example of the company’s leadership in the areas of customer care and property management.
“The principles covered in the Bill of Rights reflect a level of openness and transparency designed to put residents first.”
Quinn Residences Provides a Maintenance-Free Lifestyle
Other providers were quick to note their own tenant-friendly policies.
Richard Ross, CEO of Quinn Residences, tells GlobeSt.com, “Quinn Residences has, and always will, prioritize its residents. Our build-to-rent homes offer a chance to live in a professionally managed home where residents can live a maintenance-free lifestyle.
“A majority of our residents do not wish to own a home for a variety of reasons. But for those that do, Quinn offers them assistance such as positive rent reporting and reasonable rent pricing to help with saving for a down payment.”
Residents Must be ‘Center of the Entire Industry’
Kori Covrigaru, CEO of PlanOmatic, tells GlobeSt.com, “We know that the SFR industry is serving a critical part of the housing market by providing quality, professionally managed homes to residents.
“The resident must be at the center of the entire industry and has long been for us at PlanOmatic as well as most of the major operators in the space. It is certainly one thing to have this mindset as a business within the SFR industry, but it is another to put it in writing and have it guide your entire operation. We whole heartily support Tricon’s Bill of Rights and find it extremely relevant.”