$500 rent credit — terms and conditions

02 What rent means at Estrella at Broadmoor

Estrella at Broadmoor is an all bills paid community. Monthly rent is a single fixed amount that already includes electricity, water, and gas. There is no separate utility bill and no separate utility charge.

Monthly rent is set by floor plan. Larger floor plans rent for more than smaller ones. The amount for your apartment home is stated in your lease.

Throughout these terms, rent means that single monthly amount, and the credit is applied against it.

03 Promotion period

This promotion applies to rental applications submitted on or after July 27, 2026, and ends at 11:59 p.m. Central Time on October 27, 2026, unless extended, modified, or withdrawn earlier by management.

To receive the credit, the applicant must submit a completed application, be approved, execute a lease, and take possession of the apartment home within the promotion period, subject to section 6.

04 How the credit is applied

The credit is posted to the resident ledger as a separate, visible line item in each of the two applicable months. It is not applied by reducing the rent amount stated in the lease, and it does not change the rent amount stated in the lease.

The credit applies to monthly rent only. It does not apply to, and may not be used toward:

• Security deposits or any other deposit
• Application fees or administrative fees
• Pet fees, pet deposits, or pet rent
• Parking, storage, or other optional charges
• Late fees, returned payment fees, damage charges, or any other fee

05 Your application is reviewed on the full monthly rent

Rental applications are evaluated against the full monthly rent stated in the lease, not against a reduced or averaged amount that reflects this credit. Income, credit, and rental history criteria are applied to the full rent.

This matters for two reasons:

• Receiving the credit does not lower the income you must document in order to be approved
• From the fourth month of the lease forward, you pay the full monthly rent

Before applying, ask the leasing office for the full monthly rent for the floor plan you are considering, and confirm that amount fits your budget for the entire lease term. Staff will provide it in writing on request.

06 Eligibility requirements

To qualify, the applicant must:

• Be a new resident. This promotion is not available for lease renewals or for transfers between apartment homes.
• Submit a completed rental application during the promotion period and while participating apartment homes remain available
• Be approved under the community's standard, published rental criteria
• Sign a lease with a minimum term of twelve (12) months
• Sign the lease concession addendum, which contains the repayment terms described in section 7
• Take possession of the apartment home during the promotion period
• Remain in good standing under the lease through the date each credit is applied

The credit is not earned or guaranteed until the lease and concession addendum are fully executed by all parties. A quoted or advertised credit does not create an entitlement.

07 Early termination, default, and repayment

The credit is granted in consideration of the resident's agreement to complete the full twelve (12) month minimum lease term in good standing.

If, before the end of the minimum lease term, the resident:

• Fails to pay rent or other amounts when due
• Terminates the lease early, for any reason, including by abandonment
• Is evicted or vacates following a notice to vacate for cause
• Transfers to another apartment home
• Is otherwise in material default under the lease

then any unapplied portion of the credit is immediately void, and the full amount of the credit already applied becomes immediately due and payable as additional rent.

Amounts owed under this section may be deducted from the security deposit and charged to the resident ledger, to the extent permitted by Texas law and the lease.

This page describes the repayment obligation. The obligation itself is created by the signed lease concession addendum, which controls.

08 Prorated rent and partial months

If move-in occurs mid-month, prorated rent for that partial month is due in full. A partial month is not counted as the first full month.

The credit applies only to the second and third full months of the lease term, counted from the first full calendar month of occupancy.

09 Renewals and future lease terms

This credit applies to the initial lease term only. It is a one-time concession and does not recur.

Any renewal offer will be based on the full monthly rent then in effect and on market conditions at that time. Receiving this credit does not entitle the resident to a comparable credit, a discounted renewal rate, or any renewal offer.

10 No cash value and no transfer

This credit has no cash value. It is non-transferable and non-assignable, and cannot be exchanged, refunded, paid out, sold, or applied toward any charge other than monthly rent as described in sections 1 and 4.

11 Availability and limitations

• Available on select apartment homes only, while they last
• Limit of one credit per apartment home and one per household
• May not be combined with any other offer, referral bonus, or concession unless approved in writing by management
• May be modified, reduced, or withdrawn at any time without prior notice, except as to leases already fully executed
• Advertised availability is not a guarantee; apartment homes are leased on a first-come, first-served basis following approval

12 Fair housing and accessibility

This promotion is offered in compliance with the Fair Housing Act and all applicable federal, state, and Texas housing laws. The same credit, on the same terms, is offered to every applicant who meets the objective criteria above. Qualification is based solely on published rental criteria and availability.

If you need these terms in another format, need assistance completing an application, or wish to request a reasonable accommodation, contact the leasing office at (817) 893-6857 or TTY 711.