Referral payment amount will be one month of referring resident’s rent or one month of referred resident’s rent, whichever is less.
Referral payment will be made in the form of a rent credit to be given when the referred resident moves into their new apartment. In no event will a cash payment be made to a referring resident for any portion of a referral payment.
Residents may refer no more than three referred residents in any 12 month period. Total amount of referral payments shall in no instance exceed $5,000 or two months of referring resident’s rent, whichever is less. These limits apply per referring resident’s apartment unit, not per individual.
Referring resident is not allowed to perform certain activities that require an Illinois real estate license, including but not limited to: 1) showing prospective residents apartments, 2) discussing terms and conditions of leasing a unit with a prospective resident, 3) or otherwise participating in the negotiation of the leasing of an apartment.
To be eligible for a referral payment, referring resident’s name(s) must be provided during the initial tour.
To be eligible for a referral payment, referring resident must live in the same building as the referred resident’s new apartment at the time referred resident moves in.
To be eligible for a referral payment, referred resident’s new lease must be for a term of 12 months or greater.
To be eligible for a referral payment, referred resident must not have used the services of a broker.
To be eligible for a referral payment, referring resident must be in good standing at both the time referred resident signs their lease and the time referred resident moves into their new apartment.
To be eligible for a referral payment, referred resident may not be a current or former resident of any current or former Wirtz properties.
To be eligible for a referral payment, neither referring resident nor referred resident may be a current or former employee of Wirtz Realty or any of its related entities.
Sublease agreements are not eligible for referral payments.
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