M&R Investors
Contact us at rentalsbg@comcast.net or  302-366-1187
HomeNewark RentalsWilmington RentalsElkton, MD RentalsFAQAbout Us

Frequently Asked Questions
1. How much is the application fee?
    Application fee is $50 per person when lease is signed, not when lease is submitted. If no lease is signed, there is no fee.

2. Do I need a co-signer?
    All full-time students require a co-signer. Non full-time students may be required to have a co-signer depending upon their income     level and credit history.

3. How much security deposit is required?
    Security Deposit is equal to one month’s rent. Security Deposit is NOT to be used as first or last month’s rent.

4. Is lease by property or by bedroom?
    There is one lease per property/unit. 

5. When is rent due?
    Rent is due the first (1st) of each month.

6. How much is the late fee after the five (5) day grace period?
    Late fee is 5% of total amount of rent for month, not calculated on the balance due.

7. What utilities are included in my monthly rent?
    Rent does not include utilities unless indicated on your lease. A few of our rentals do include utilities.

8. Where do I mail my rent?
    P.O. Box 1443, Hockessin, DE 19707
    If sending by USPS Priority Mail or similar, use address 16 Tyre Ave., Newark, DE 19711 

9. Where can I drop-off my rent?
    16 Tyre Avenue, Newark. DE 19711. There is a drop-box outside. Deliver cash during our business hours of 8:30 to 3:30 and we       will give you a receipt for your payment. Do not leave cash in the drop box.

10. What are payment options?
      We accept cash, checks or money orders. We do not accept credit cards or ACH payments at this time.

11. Who is available for repairs/maintenance?
      We have maintenance service available 24/7.

12. What if I lock myself out?
      We charge a fee of $60.00 if we need to come let you in. You may also call a locksmith to let you in and pay them directly.

13. Can I sublease?  
      No, you may not sublease. If necessary, our office can replace a tenant on a lease. There is a $150 fee for a Change of Rental         agreement.

14. Can I have a pet?  
      We do not allow pets unless there are special circumstances. A service animal will be authorized for disabled (handicapped)             tenant(s) upon written request and proof of disabled status. For these special circumstances, if the pet is approved by the                 landlord, a Pet Addendum and security deposit of $150-500 will be required depending on the animal. Landlord reserves the             right to meet the pet before authorization.