2008 Grad Gardens/Hills rents announced
The following email was sent to Grad Gardens/Grad Hills residents on April 11, 2008:
TO: Residents of Graduate Hills and Graduate Gardens
FROM: Jan Davidson, UM Department of Resident Life
SUBJECT: New Rents for July 1, 2008
REPLY TO: jdavidso@umd.edu
This is notice that Southern Management Corp. and the University of Maryland expect to increase monthly rents at Graduate Hills and Graduate Gardens next year, as shown below. By May 1, 2008, current residents will receive formal notification from Southern Management Corp. of the new monthly payment amounts that will be due each month starting July 1, 2008. You should anticipate the following increases.
| |
Efficiency |
One Bedroom |
Two Bedroom |
| Current Payment/Month |
$883 |
$925 |
$1,136 |
| 2008 Proposed Rent |
$903 |
$947 |
$1,147 |
| Dollar Increase-Rent |
$ 20 |
$ 22 |
$ 11 |
| Percent Increase-Rent |
2.27% |
2.38% |
0.97% |
| UM Voice/Data Fee |
+$15 |
+$15 |
+$15 |
Total 2008 Payment/Month |
$918 |
$962 |
$1,162 |
| Total Dollar Increase |
$35 |
$37 |
$26 |
|
Total Percent Increase |
3.96% |
4.0% |
2.29% |
Included in the new monthly payments is an increase in rent ($20 for efficiencies, $22 for one-bedroom units and $11 for two-bedroom units) and an increase, from $10 this year to $15, in the cost of voice/data services provided by the University. The total cost of University voice/data services next year is $31 per unit per month, $16 of which will be paid by the University to the service provider, UM's Office of Information Technology. This is part of a continuing Division of Studnet Affairs program to phase in these costs to residents over a period of five years.
Residents of the Graduate Hills and Graduate Gardens communities will be invited to attend an information session on these increases. Date, time and location will be reported to you next week.
Comments also may be submitted to the President of the Graduate Student Government (gsg-president@umd.edu) and/or by reply to jdavidso@umd.edu or by calling my office at (301) 314-7343.
Sincerely,
Jan R. Davidson
Associate Director
Department of Resident Life
Division of Student Affairs
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