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Free webinar on new Community Policies, “Lease 2.0” scheduled January 27

Synopsis

Learn more about the Texas Apartment Association’s new Community Policies Addendum and how it works with the new “Lease 2.0” during a free webinar January 27 at 10 a.m. Additional free educational resources are available now and coming soon to help familiarize members with these new documents.


Key takeaways

  • The Texas Apartment Association’s revamped “Lease 2.0” and an accompanying new “Community Policies Addendum” will be released in mid-February. Education opportunities are underway and will continue through and beyond the launch.
  • TAA’s Apartment, Residential and Condo/Townhome Leases will be included in the mid-February launch. The only variation that will not be updated at this time is the Student Housing Lease.
  • TAA’s next free Lease 2.0 webinar is scheduled for 10 a.m. on January 27 to take a closer look at the new Community Policies Addendum and how it supplements the new lease. Register online.
  • The expiration date on all current leases has been extended to January 1, 2023 to ensure that all leases executed between now and the release date continue to remain valid. That has happened automatically for TAA Click & Lease users; printed forms users can get forms on-demand from their local association.
  • For other resources to understand the new “Lease 2.0” changes, see the article in the Fall 2021 issue of Texas Apartments and these additional resources.

The Texas Apartment Association’s significantly revamped and reorganized “Lease 2.0” and new “Community Policies Addendum” will be available February 16. These tools are designed to work in tandem to offer properties maximum flexibility and customization to meet their needs.

The revised lease is about 25 percent shorter than the current lease—6 pages instead of 8—and offers the same member protections while providing more flexibility for owners and managers in their community policies. Members can use the new Community Policies Addendum—which includes some language formerly found in the TAA lease—as-is, customize it to include property- or company-specific items, or incorporate language from the addendum into their own community policies.

Both the revamped lease and the new community policies addendum will be released to TAA Click & Lease users February 16 and available to printed forms users around the same time. The expiration date on all current leases has been extended to January 1, 2023 to ensure that all leases executed between now and the release date continue to remain valid. That occurred automatically for Click & Lease users. Printed forms users can get forms on-demand from their local association if new leases are needed before February 16.

While TAA traditionally releases lease updates in the January following a legislative session, the TAA Board approved additional time for this release to allow for more communication and education for members and their onsite teams about the upcoming changes.

Lease education and training resources available

Educational opportunities for Lease 2.0 began in November and will continue through—and past—the mid-February launch. A variety of educational tools and resources will be available, including short topical videos, a section-by-section video to replace the current lease explainer video, one-pagers and FAQs, and free webinars for various audiences.

TAA’s next free Lease 2.0 webinar is scheduled for 10 a.m. on January 27 to take a closer look at the Community Policies Addendum, including:

  • How to use the “Community Policies Addendum” or incorporate elements from it into your own community policies
  • What information from the “old” lease has been shifted into the Community Policies Addendum, and why
  • How you can use the Community Policies Addendum and/or special provisions to modify lease provisions, if desired

Plan now to join us! Register online.

Find other training resources to assist you here, including:

  • Samples of the “Lease 2.0” apartment and residential leases
  • Sample of the new “Community Policies Addendum”
  • Lease 2.0 FAQs and a one-pager on the new lease
  • Recorded November 18 and December 15 webinars, along with presentation materials from both
  • An overview of significant “Lease 2.0” changes in the Fall 2021 issue of Texas Apartments, and links to “Lease 2.0” stories from the November and December issues of Viewpoints

REDBOOK release, seminars
Because lease information is a critical component, the TAA REDBOOK launch has also been adjusted, and books will be available on March 1. Local associations are scheduling REDBOOK seminars beginning in early March. Check with your local association for more information.

If you have specific questions regarding the rollout or timing of the revised lease, please reach out to glenda@taa.org.

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