SALE OF RENTAL PORTFOLIO

Updated June 8, 2021

This page will be regularly updated as more information becomes available. The information below is subject to change without warning.



SALE OF PORTFOLIO GENERAL INFORMATION

Saying goodbye is never easy. In late 2020, the Board of Directors of Stamm Investments Limited made the difficult decision to sell its rental portfolio. In early 2021, the sale of the rental portfolio was successful and the buildings were sold to Killam Apartment REIT. The transition will commence June 30, 2021.

Stamm Investments and Killam Apartment REIT are working together to ensure a smooth transition and we are confident Killam will continue to uphold the high standards you are accustomed to.

See below for answers to anticipated questions relating to this transition.

June and July Rent

Your June and July 1, 2021 rent is payable to Stamm Investments Limited, in the manner you usually pay your rent. As of August 1, 2021, you will pay your rent to Killam Apartment REIT. Further information will follow, from Killam Apartment REIT, regarding August rent payments.

Your June and July 2021 rent will be paid to Stamm Investments Limited.

Tenancy History, Information and Details

We will be transferring all of our tenant records and documents to Killam Apartment REIT after the closing of the sale. Your complete tenant file and history, including your Tenancy Agreement, parking, FOB, locker and fitness information will be provided to your new Landlord.

Pre-Authorized Rent Payments (aka PAFT)

Pre-Authorized rent payment information and forms will be provided from Stamm Investments Limited to Killam Apartment REIT. Killam will contact residents for new forms, as applicable, in July 2021.

Online Banking Rent Payments

Those residents that pay their monthly rent through online banking must update their banking institution with Killam Apartment REIT as a payee with a new account number, effective for August 1, 2021. Killam Apartment REIT will be provided with a record of those residents that pay by online banking and will contact residents soon.

Tenancy Agreements and Month-To-Month Tenancies

Tenancy Agreements will be transferred to and assumed by Killam – you do not need to sign a new agreement. Residents that have signed a Tenancy Agreement with Stamm Investments Limited in 2020 or 2021 that ends any time after June 30, 2021 will simply have their Tenancy Agreement transferred to Killam Apartment REIT. Those on a month-to-month tenancy will continue and all tenant information will be transferred to Killam Apartment REIT.

Promotions, Upgrades and Incentives

All Stamm promotions, upgrade promotions, incentives and other programs are cancelled. We will send further communication to those that have requested a promotion, upgrade or incentive that has not yet been approved or completed.


Parking Program and Stickers

Please maintain your existing parking spot and sticker. We will be transferring our parking records to Killam Apartment REIT. Should they make changes to the parking program, residents will be notified as appropriate, by Killam Apartment REIT.

Emergency Maintenance and Maintenance Requests

Maintenance Work Orders

We will be accepting maintenance work orders up until June 30, 2021 and will endeavour to resolve all pending requests by this date. Any remaining or unresolved maintenance requests will be transferred to Killam Apartment REIT.

Emergency Maintenance and Emergency Line Phone Number

Effective 12:01 a.m. July 1, 2021, the Stamm Investments Limited after-hours emergency phone line will no longer be responding to emergency maintenance requests. Killam will provide residents with a new number for 24 hour after hours emergencies prior to July 1.

Communication, Submitting Complaints and Other Inquiries

Starting July 1, 2021, all matters relating to your tenancy must be directed to Killam Apartment REIT. Contact information will be provided in the near future.

Further Communication and Transitioning to Killam Apartment REIT

Stamm Investments Limited will provide additional information in June to help with the transition process. Killam Apartment REIT will also provide information to residents on or before July 1, 2021.