REO RESIDENTIAL HOUSING MISSION
The residential portfolio of Dartmouth's Real Estate Office (REO) serves the Dartmouth College community by offering residential rental housing units to College faculty, staff, and graduate students. Rental housing for graduate students is intended to offer housing while full-time graduate students pursue their degree from Dartmouth, while rental housing for employees is intended to offer short-term, transitional housing for full-time, benefits-eligible, current Dartmouth College faculty, staff, and post-doc fellows.
Employee tenants are encouraged to find alternative rental housing after a three-year period in order to maintain an available pool of housing for newer incoming employees. Employees living continuously in Dartmouth REO housing for three or more years will be charged a rent surcharge beginning the year after their third year. The initial rent surcharge is equal to 10% of the base rent, with the surcharge increasing by 10% for each year thereafter (20% in year five, 30% in year six and so on) that the employee is a tenant in any Dartmouth Real Estate housing. The rent surcharge is in addition to any other increases in base rent. Typically, base rent is increased an average of 2-5% annually, at the time of lease renewal.
Two exceptions to the rent surcharge are for junior faculty members in a tenure-track position and postdoc scholars/fellows. Tenure track faculty are allowed to continue occupancy without the rent surcharge only until the renewal period following the College's decision regarding tenure or their promotion to Associate Professor. Postdoctoral scholars that do not qualify as tenure track faculty are limited to six (6) years of occupancy before the rent surcharge process commences. The REO reserves the right to request department documenation regarding an employee's tenure decision.
Residential units that are rented by College departments on behalf of visiting faculty and staff members are subject to market rent rates at all times.