KRF Management 211 S 45th St, Philadelphia PA 19104 215/349-6500, fax: 215/349-6502 e-mail: krfapt@aol.com website: www.krf.icodat.com online bulletin board: www.krf.icodat.com/news

To:	Prospective Tenants
From:	Alan Krigman, President
Re:	Renting in University City from KRF Management

Thank you for taking the time to visit our web site.

KRF has about 30 apartments in the vicinity of 44^th to 45^th & Locust Streets, four to five blocks due west of the edge of the University of Pennsylvania campus. Most of our units are efficiencies or 1- and 2-bedroom apartments; a few are larger. They are in small buildings that were originally built as private homes and have been converted over the years for multi-family residency. Our prices are in the low-to-moderate range for the neighborhood, and we strive to provide an unmatched level of professional, prompt, efficient, and courteous service. You can learn more about our day-to-day policies by checking our on-line bulletin board at www.iconworldwide.com/krf/news.

There is a chance we may have a small number of apartments available starting at the end of December 2009 or the beginning of January 2010. The details are presently uncertain. However, if you would like to be alerted in the event that something appropriate may come on the market, please send an e-mail message to us at e-mail: krfapt@aol.com. Include your name, your requirements for size and price, and the date you'll be needing the accommodations. We'll respond as soon as we know the situation.

If you're not in the area, and it's not possible for you to visit before you plan to take up residence, you may want to consider the option of renting an apartment sight-unseen. This obviously isn't the best of all possible worlds, but it's better than getting stuck with nowhere convenient or affordable to live, or in a place that makes you feel uncomfortable. You might want to check our essay, (Click here: ) "Renting an apartment sight-unseen." This is an unbiased, if slightly jaundiced, bit of advice because we don't want an unhappy tenant any more than you want an unsatisfactory housing provider.

Many housing providers in this area gear rentals around the academic year, and therefore tend to have apartments available for occupancy in June, July, August, and September. This is the case with KRF. With us in particular, leases all end on May 31, although — in addition to a one-year renewal option — we have a provision that allows current tenants in good standing, who wish to remain in their homes during the summer, to extend their occupancy for up to three months.

A sample of the KRF residential lease used during the past few years is online at krfleasr.pdf. The lease for future tenants may change in some details – for instance, to incorporate new city requirements – but will be substantially the same as this. So, if you want to see the contract you'd be entering, take a look.

Security deposit plus first and last month's rent are required to take possession. These deposits are equal to one month's rent each. First month's rent will be prorated to the date of the lease inception if a tenant takes possession mid-month.

KRF does not charge an application fee. However, if you are not registered at a local university or your current local employment cannot be verified, a credit check will be necessary and you will be expected to pay for this before your application can be processed.

We appreciate your interest
Al Krigman