End of Semester Special - offered for a limited time only

Basic Information

Where is The Hive?
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The Hive is under construction at 700 S Dubuque St, Iowa City, IA 52240. We will open August 2024!

Where is The Hive leasing office located?
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The leasing office is located at 16 S Clinton St, Iowa City, IA 52240.

Individual Leases
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Individual leasing means peace of mind for you. Your financial responsibility is only for your space unlike many apartments or rental houses where a joint lease is signed. If a roommate moves out of Elara for any reason, you do not have to worry about having to cover their portion of rent. This is just another reason why Elara is your best option! 

What are the leasing office hours?
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The Hive’s leasing office is open Monday through Friday, 10am to 7pm, Saturday, 10am to 5pm, and Sunday, 12pm to 5pm.

What does it mean to have an individual lease?
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Individual leasing means that each person is only responsible for their portion of the common areas and their bedroom. If your roommate ends up not coming back for the remainder of their term, you’re not responsible for their payment.

Lease Terms & Installments

How long of a lease can I sign?
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At The Hive, we offer a 12 month lease term. The 12-month lease term begins on August 17, 2024 and ends on July 31, 2025. Your first installment is due August 1, 2024. We do not currently offer shorter lease terms.

When can I move into The Hive?
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Move-in day is set for August 17, 2024.

What is an installment?
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Your contract is based on a total amount that is divided into 12 equal installments for convenience. Your first installment will be due on August 1, 2024 depending on your lease term. The last will be July 1 unless you choose to renew and stay at The Hive for another year. Because of this, August rent is not prorated.

How do I pay my installment?
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We accept payment via check, money order, or through the online Resident Portal.

What if I need to break my lease or plan to go home for the summer?
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All leases end on July 31,2024. If you need to get out of your lease early, you can relet your unit by finding someone to take over the remainder of your lease.

Can I switch floor plans if I've already signed a lease?
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Yes, you can switch floor plans as long as we have the space available. Your rate is subject to change depending on the floor plan you choose. You will be required to sign an updated addendum to reflect the new floor plan. If you have a guarantor, they will also need to sign that addendum and will be notified of any changes.

Has The Hive started leasing for the 2024-2025 school year?
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Join our VIP List to receive more information about living at The Hive Summer 2024!

What’s Included

What is included in my installment?
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Your Installment includes:
• Premium Wi-Fi Internet
• Fully Furnished Units
• Full-Size Washer & Dryer
• Wall-mounted 50” Smart Television
• Water, Sewer, Trash, and Pest Control services

Plus, access to The Hive’s on-site amenities and attentive, on-call staff.

What is not included in my installment?
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The following items are not included in your installment:
• Rental Insurance – Rental insurance is required for all residents at The Hive. Residents may be provided their own third-party insurance to be contracted directly, or may opt-in to The Hive’s landlord-provided rental insurance, LRIP. LRIP is $12.95/month. You will be automatically charged for LRIP unless you provide proof of third-party insurance that meets our requirments as described in your lease
• Utilities – Electricity are sub-metered and will be billed monthly via Conservice.

Optional add-ons
• On-site parking - starting at $175/monthly
• Pet rent

Are the apartments furnished?
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The Hive’s apartments come fully furnished. Each resident will have a full-size bed and pillow-top mattress, two-under bed/stackable dresser drawers, and a study desk and desk chair.

Our standard floor plans come with common area furniture, including an entertainment stand, wall-mounted Smart TV, coffee table, side table, sofa, and barstools. Larger units include a sectional sofa.

Is cable TV available at The Hive?
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All living rooms have a Smart TV. Cable will not be provided but cable connections are available in the living room and each bedroom should residents wish to establish their own cable service.

Cable will be available in the amenity spaces.

How fast is the WiFi at The Hive?
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The Hive offers residents up to 1 Gigabit speeds per user. Residents will have a home-like experience with Personal Area Network (PAN), allowing Wi-Fi-connected devices to interact (i.e., Sonos speakers, and Apple AirPlay, wireless printing, etc.).

Leasing Process & Fees (Subsection)

What fees will I be charged that aren’t included in my installments?
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One-time fees
• Application fee (non-refundable) – $50 – This fee covers the cost of the background checks we run in order to approve your application, including the screening of one guarantor. This fee is due upon submission of your electronic application.
• Admin fee (non-refundable) – $149– Residents will be charged a one-time service fee for administration, billing, bill auditing, overhead and similar expenses and charges to be incurred by the Landlord for the Term of this Lease.
• Security Deposit (refundable) – $200– This fee is due upon move-in and refundable at the end of your lease term.
• Utility setup fee (non-refundable) – $66 – This is an annual registration fee billed by Conservice to set up your utilities, and is not due until you move in.
• Pet fee – There is a refundable pet deposit of $300.
• Community fee (non-refundable) – $99.

The application fee is due when your application is submitted. All other fees are not due until move-in.

What is an individual lease?
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Individual leasing means peace of mind for you. An individual lease is a per-bed lease. You sign a lease for a bed space in the apartment and share common areas with roommates. This means you are only responsible for your own installments. If a roommate transfers to another school or moves out of The Hive for any reason, you do not have to worry about having to cover their portion of rent.

What is a guarantor? Is a guarantor required?
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A guarantor is a co-signer for your lease agreement. Because students often don’t have an income, having a guarantor allows us to qualify you for a lease based on your guarantor’s income.

You will list the name and email of your guarantor during the application process, and your guarantor will receive an email to fill out their portion of the application.

We require all residents at The Hive to have a guarantor or sign up for LEAP.

What is LEAP?
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Leap fills in for a personal guarantor or parent cosigner, allowing you to sign a lease where you otherwise would not qualify. Leap charges a monthly fee for the term of the lease in order to cosign your lease.

If I'm an international student, do I need a guarantor? What documentation do I need to provide?
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For applicants who do not have a credit history in the US and/or a guarantor, The Hive will accept a prepayment of two installments in lieu of credit/guarantor requirements. Prepaid installments are applied to the last two months of your lease term.

Additionally, applicants who are citizens of another country must provide at least two of the following: 1) a passport; 2) the INS document that entitles the applicant to be in the United States; 3) proof of employment in the United States; 4) an I-20 verifying student status; and/or 5) proof of enrollment.

Why do you need my Social Security number?
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We need your Social Security number in order to run standard credit and criminal background checks.

The Hive is using software from Entrata to keep your personal information secure. All of your data, including your name, email, birth date, and Social Security number, are secured using encryption techniques that banks use to keep your financial information private. Data is transferred via an SSL/TLS connection using 2048-bit encryption between your computer and Entrata’s servers.

How do I lease an apartment?
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You can easily complete the entire leasing process online. We are also available in the leasing office if you wish to visit us to apply in person.

Step 1: Fill out an application
Start by filling out our application form. You will need the following information:
• Floor plan and unit you want to lease
• Name, phone number, email address, birth date, and Social Security number of the applicant as well as the name and email address of your guarantor (if you’re using one)
• Photo or scan of an identification document such as a passport, driver’s license, state ID, or active military
• Address of applicant’s current residence, as well as current rent payments and contact information for your landlord, who we may contact as a reference
• Bedroom preference and roommate information

Step 2: Sign your lease
After your application is approved, you will automatically be emailed a link to sign your lease. Once our leasing associates countersign your lease, you will be notified via email and receive a digital copy of your completed lease.

Step 3: Get email updates
Once your lease is completed, you will get email notifications with more information on topics such as construction updates, events, move-in, etc.

What is the average monthly cost of utilities?
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At The Hive, utilities are projected to range from around $20 to $60 per person, per month on average. This will vary depending on floorplan type, usage and other factors. This range is an estimate – costs may fall outside of this range.

Roommate Matching

Do you offer roommate matching if I don’t have enough people to fill my apartment?
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Here at The Hive, we offer professional roommate matching, done by hand by one of our managers. In your application, you will fill out a roommate section and answer a few questions that we use to fit you to your best match.

If there’s anything you feel we should know to make the best match possible, please contact our leasing team at thehiveiowa@assetliving.com for assistance.

Do you offer co-ed roommate matching?
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The Hive does not offer co-ed roommate matching. If you would like to live in a co-ed unit, we would be happy to accommodate, we just require you fill your unit.

How do you roommate match?
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First, we will get to know you through your rental application. You will fill out the application online, listing your preferences and linking your roommates, if you have already chosen them.

Additionally, team members hold most property tours in person, and are trained to ask certain questions so that we can best meet your needs. We take notes and then add them to your account as supplemental matching information.

When will I meet my roommate match(es)?
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You’ll meet your matches about a month before moving in! We wait until then to ensure we’ve connected you with the best match possible.

Other Questions

Is renter’s insurance required? Do you provide renter’s insurance?
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Renter’s insurance is required for all residents at The Hive. Residents may provide their own third-party insurance to be contracted directly, or you may opt-in to The Hive’s landlord-provided rental insurance, LRIP. LRIP is $12.95/month. You will be automatically charged for LRIP unless you provide proof of third-party insurance that meets our requirements as described in your lease.

Is parking available?
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Yes! We have an on-site parking garage starting at $175/monthly.

Do you have maintenance staff? How do I request maintenance?
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The Hive’s maintenance team is available to address any maintenance concerns you may have. You can submit a maintenance request through your resident portal or call our on-site leasing office. All maintenance workers will be dressed in The Hive’s uniform, and are not to enter any unit without resident approval.

How do I set up and pay for utilities?
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Before move-in, Conservice will send a welcome email with more information including your web pin (password) and account number (username). Nothing needs to be done before then. For information on utilities, see our fees section.

Do we have resident events?
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The Hive Social Team plans monthly resident events that you won’t want to miss. We will also keep our members connected to events going on at the university, as well as events happening around town so they don’t miss anything!

What kind of security does The Hive provide?
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To provide peace of mind for students and parents, The Hive takes the following security measures:

Surveillance cameras
The Hive features an extensive security camera network throughout the entire building and parking garage. Cameras will be placed in the following locations:

All exterior entrances
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Lobby and leasing office
• Amenity spaces, including the fitness center, coworking lounge, coffee bar, game room, dog park, pet spa, and pool deck
• Parking Lot
• Elevators
• Every residential corridor

Controlled access
The Hive provides residents fob access to all exterior doors, amenity doors, and elevators. Additionally, each unit has electronic key access to all front doors and traditional key access to individual bedroom doors.

Are leases for families with children available?
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Yes. The property’s policy is included here for family occupants with a child(ren) under the age of eighteen (18) who is domiciled with (i) at least one parent, legal guardian, or another person having legal custody of the child under the age of eighteen, or (ii) the designee of such parent or other person having such custody, with written permission of such parent or other person. For family households with children, all household members age eighteen (18) or older must: (A) complete an application, and (B) sign the lease as a Resident. For family households with children under the age of eighteen (18), at least two (2) people will be permitted to occupy a single bedroom. If a family household with children under the age of eighteen (18) requires additional occupancy per bedroom, additional occupants may be allowed on a case-by-case basis based on factors including, but not limited to, the size of the bedroom(s) and unit, age of the children, configuration of the unit, any physical limitations of the property, and localoccupancy codes. If the child occupant reaches eighteen (18) years of age during the term of the lease, the lease will be allowed to complete its term, but renewal will only be offered in compliance with the occupancy policy as stated. Child occupants who are under twenty-four (24) months at the time the lease is signed will not be counted under the occupancy policy for purposes of maximum occupancy but will be counted for subsequent leases if they reach the age of twenty-four (24) months during the term of the lease. The Landlord has the right to lease any empty bedroom(s). Families should contact the office directly regarding the application for family households, as this process varies from individual leasing and the required forms are not all available electronically.

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