REFERRALS TERMS AND CONDITIONS

 

 

 

 

 

 

 

 

 

 

  

8 SPRUCE REFERRALS TERMS AND CONDITIONS

 

 

 

 

1. PROGRAM TERMS OF USE 

 

As a member of 8 Spruce community, residents have the chance to participate in our Resident Referral Program. The Program is a great chance to invite friends and family into our community, earn rent credit in the process, and have your new neighbors save on their move. The specific terms and conditions of the program are outlined below and are subject to change at any time. Some units may be ineligible for referral rewards. Please contact our Leasing Team for any questions.

 

  
2. WHAT IS A PROGRAM AND CAN YOU PARTICIPATE

 

a. Program Participation

 

  • To participate follow the instructions on the Refer a Friend webpage to refer as many friends, family members or colleagues as you want to book a tour of the Property.
  • Residents who refer are called “Referrers”; individuals who are referred are called “Referred Friends”, “Friends” or “Referrals”. For every “Qualified Referral” (defined below), Referrer may be eligible to receive “Reward(s)” (also defined below), provided Referrer is otherwise eligible under, and fully compliant with, these Terms and Conditions.
  • We reserve the right to modify or amend at any time these Terms and Conditions and the methods through which Rewards are earned. We reserve the right to disqualify any Resident at any time from participation in the Program if he/she does not comply with any of these Terms and Conditions. Reward offer subject to change or withdrawal without notice. The Referred Friend’s application date governs what reward (rent credit) will be earned.

b. Eligibility Criteria

 

Referrers must be 18 years or older and a current “Tenant of Record” (defined below) of the Property. A “Tenant of Record” means an individual that is the tenant signatory to a current lease or renewal for an apartment at the Property.

 

c. Making a Referral

 

Referrers must respect the spirit of the Program by only referring real individuals who meet the requirements of these Terms and Conditions. Rewards can only be awarded for Qualified Referrals. A Qualified Referral means that all the following conditions are met:

  • The Friend came to the property directly without the use of a broker.
  • The Friend has named the Referrer when booking a tour.
  • The Friend signed a lease.
  • The Referrer is a Tenant of Record of the Property at the time a Referred Friend moves in.
  • The Friend is 18 years or older.
  • The Friend may not be a Current or Returning Resident of the Property at time of referral. A “Resident” means a Tenant of Record or an individual identified as an occupant of an apartment at the Property, as determined by 8 Spruce. Residents (Tenants of Record) cannot refer themselves or their roommates to the property (i.e. in the case of a transfer, upgrade, or roommate addition)
  • The Referred Friend can still receive a rent credit, even if their Referring Friend is no longer a Resident (Tenant of Record.) For the Referring Friend to receive their Rent Credit though, they must still be a Resident (Tenant of Record).

 

d. Earning Rent Credits

 

  • A Friend shall receive a rent credit valued at seven hundred and fifty dollars ($750) upon move-in after signing a lease at the Property for a studio or 1 bedroom unit, two thousand dollars ($2,000) upon moving in after signing a lease at the Property for a 2-bedroom unit, or two thousand, five hundred dollars ($2,500) upon moving in after signing a lease at the Property for a 3-bedroom unit.
  • The Referrer will receive a rent credit valued at five hundred ($500) upon the move in of their Friend into a studio or 1-,2-, or 3-bedroom unit, as long as the Friend has signed their lease and moved into the apartment.
  • Both the Referring and Referred Friend will receive the current value of the referral promotion offered at the time of the Referral Friend’s application, even if the credit amount was different at the time of the initial referral contact.

 

  
3. VERIFICATION QUALIFIED REFERRALS AND PAYOUT

 

 

a. Rewards are subject to verification

 

Rent credits are subject to verification. 8 Spruce may delay a Reward for the purposes of investigation. 8 Spruce may also refuse to verify and process any transaction 8 Spruce deems, in its sole discretion, to be fraudulent, suspicious, in violation of these Terms and Conditions, or believes will impose potential liability on 8 Spruce, affiliates or any of their respective officers, directors, employees, representatives and agents. All of 8 Spruce’s decisions are final and binding, including decisions as to whether a Qualified Referral, or Reward is verified. Referrers who receive rent credits in excess of $599 during a calendar year will be subject to federal income tax reporting.  All referrers who receive rent credits in excess of $599 during a calendar year and who do not qualify to complete a W-9 must complete a W-8BEN and will be subject to a 30% withholding of any such referral credit. 

  

b. Rent Credit process

 

Upon the completion of the verification process the referring and referred friend will receive their incentive in form of a rent credit. All rent credits will be applied weeks after the referred friend’s move in date.