The following Q&A is to clarify the Post Resident Program for Purchasing a Post Preferred Home. If you are not a current Post Resident, please go to View Condominium Homes for Sales Team contact information.

What if I am a current resident at a Post condominium conversion property, and I want to purchase the unit where I am living?

• You are entitled to all the benefits of state or local law for occupants of condo conversion properties.
• You need not give 30 days’ written notice to terminate your lease. However, you must sign the appropriate purchase contract.
• You are not responsible for an early termination fee upon the closing of the condo purchase.
• You are not responsible for any concession payback upon the closing. (The lease normally requires repayment of any concession if the lease term is not fulfilled.)
• You get a credit for any security deposit at closing.
• You must buy the condo according to the pricing schedule that is in effect at the time of contract signing, with no additional discount on the pricing.
• Post will convey the condo unit to you with no express or implied warranties, but rather on an “as is” basis.

What if I am a current resident purchasing a new Post Preferred Home or other Post condominium conversion unit for my personal residence?

• If you live on a conversion property, you are entitled to all the benefits of state or local law for occupants of condo conversion properties and you must give 30 days’ written notice to terminate the lease, unless state or local law for condo conversion places a different requirement. (The 30-day notice is negotiable depending on the availability of the unit being purchased.) You will get credit for any security deposit at closing.
• If you are a resident at another property, you must give 30 days’ written notice to terminate the lease. The property from which you are moving will follow normal move-out inspection and security deposit procedures.
• You must sign the appropriate purchase contract.
• You are not responsible for an early termination fee upon the closing of the condo purchase.
• You are not responsible for any concession payback upon the closing.
• You must buy the condo according to the pricing schedule that is in effect at the time of contract signing, with no additional discount on the pricing.
• Post will convey the condo unit to you with no express or implied warranties, but rather on an “as is” basis.

What if I am a resident purchasing a new Post Preferred Home or Post condominium conversion unit for investment?

• If you live at the conversion property, you are entitled to all benefits of state or local law for occupants of condo conversion properties.
• You must sign the appropriate purchase contract.
• If the unit is occupied, you must sign the contract prior to being given access to the occupying resident’s lease file due to sensitivity of private information.
• Purchasing another unit, either new or conversion, for investment does not entitle you to terminate the lease on your own rented unit. Therefore, you are responsible for any applicable notice, early termination, and concession payback if you terminate the lease on your own unit.
• You must buy the condo according to the pricing schedule that is in effect at the time of contract signing, with no additional discount on the pricing.
• Post will convey the condo unit to you with no express or implied warranties, but rather on an “as is” basis, and subject to terms of existing lease which will be assigned upon closing.

Terms are subject to change without prior notice.

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