Rules & Regulations

Residential Properties

Public Investment Corporation (PIC) maintains and enforces rules and regulations to ensure residents can peacefully enjoy their properties. We reserve the right to revise and update these rules and regulations at any time. Residents must comply with the most current version, as posted on the PIC website and in the office.

Residents are responsible for the actions of their guests and any other individuals on the premises due to their occupancy. We encourage all residents to become familiar with the rules, regulations, and associated fees. Any violation is considered a breach of the Residents’ Lease Agreement.

No Smoking Policy

All units are non-smoking. Any current tenant has until their next renewal to comply with this policy.

Keys and Locks

Key Retention

(not applicable to mobile homes)

PIC retains a key to the premises. Do not alter or install a new lock on any door of the premises. Lost or unreturned keys will incur the following replacement fees:

Mailbox key: Actual Cost + $30.00 labor
Entry Key: Actual Cost + $30.00 labor
Re-keying charge: Actual Cost + $75.00 labor

Lock-Out Charges

(not applicable to mobile homes)

Keep your keys on you to avoid the following lockout charges:

9:00 am to 4:00 pm (Monday–Friday): No Charge
4:00 pm to 10:00 pm (Monday–Friday): $100
9:00 am to 10:00 pm (Saturday and Sunday): $150
10:00 pm to 9:00 am (all days): $150
Holidays (all hours): $175

Smoke Alarms

Residents must ensure that smoke alarms are operational and not disabled. They should maintain and test all smoke alarms at least once every six months and replace the batteries as needed.
Residents should report any broken or malfunctioning smoke alarms to PIC immediately. No charge will apply for malfunctioning equipment reported to PIC in a timely manner.
Residents must not tamper with smoke alarms or batteries on the premises. A charge of $100 will be imposed for disabling, damaging, or removing a smoke alarm or its batteries. If more than one violation is observed, PIC will pursue eviction.

Exterior and Common Areas

Residents and their guests are responsible for damages to any PIC property, including a $150 fee plus materials and labor for tire tracks on lawns that require re-seeding.
To ensure the safety and comfort of everyone, please do not prop open entry doors.
Only patio or outdoor-appropriate furniture is allowed on porches, patios, decks, and lawns; indoor furniture, such as couches or other upholstered furniture, is not permitted in exterior areas.

Maintenance Requests

Maintenance calls for issues caused by residents or their guests incur a charge of $50.00 per hour during business hours or $75.00 per hour after hours, in addition to the cost of materials provided by PIC.

Garbage Disposals

Only soft, biodegradable food waste may safely be put into the garbage disposals. Do not put bones, grease, celery stalks, onion skins, banana or potato peels, pits, or other fibrous waste in the disposal.
Cold water must be running when the disposal is turned on, and we suggest leaving it running for at least 15 seconds after the disposal has been turned off.
Residents will be charged for all clogs that require maintenance assistance.

Toilets

Please plunge the toilet before calling Maintenance.
Do not flush feminine hygiene products into the system.
If the toilet is running or overflowing, shut off the water valve at the base of the toilet and call Maintenance immediately. Failing to report this could lead to excessive damages and/or water charges being billed to the resident.
Residents will be charged for all clogs that require maintenance assistance unless they are caused by tree roots.

Trash and Cleaning

Residents should ensure that the exterior and common areas remain free of trash and debris.
Duplexes and mobile homes are provided with a barrel, and trash is collected weekly on Mondays. Please have your barrel out by 6 am.
Apartments must utilize the provided dumpster. Non-residents of the apartments will be charged for using the dumpster.

Moving and Storage of Personal Property

Leaving or storing personal property in exterior or common areas of the premises is prohibited. PIC reserves the right to remove any such property, which will be considered abandoned, without notice.
Residents are responsible for all moving and storage fees associated with property removal.
Residents who leave or store property in common areas that cause injury will be liable for those injuries.

Occupancy & Maximum Number of Guests

No individuals other than those listed as residents in the lease shall be permitted to occupy or reside in the premises.
Any guests staying overnight for more than seven (7) nights during the lease term must complete an application and receive approval.
The maximum number of guests in the rental unit must not exceed three times the number of residents.
Overnight guests must not exceed the unit’s residential occupancy at any time.
Any guest staying over one (1) night must register at the office, and no parking space is guaranteed, as they are reserved for resident parking.
Any violation of this policy constitutes a breach of the lease and will incur a charge of $100 per occurrence, in addition to all other available remedies, including eviction.

Phones/Cable

Phone lines and jacks are provided “as is” in the leased premises.
The resident must obtain approval from PIC before ordering any internet, television, phone, or other services that require installation of outlets, lines, or jacks within the leased premises.
The resident will cover any costs associated with the installation of outlets, lines, or jacks within the leased premises.

Grills

Residents shall not store or use any gas grill, charcoal grill, or other open flame cooking or heating devices on any porch or common area.
Residents shall defend, indemnify, and hold harmless PIC and Owners from any claims, liabilities, or judgments, including attorney fees and defense costs, for any losses arising from the storage and use of such devices on any porch or common area on the premises, as well as from any fines or penalties imposed by any civil agency or court due to the storage or use of such a device.
Violation of this clause constitutes a breach of the lease and will incur a fee of $100.00 for each occurrence, along with other remedies available under the lease.

Pets

No pets are allowed on the premises, even temporarily, without prior written approval from PIC. This policy applies to all animals, including, but not limited to, dogs, cats, birds, reptiles, guinea pigs, hamsters, rats, fish, and other pets. Violations will result in a $300 fine per occurrence and may also lead to eviction, liability for damages, and charges for the repair or replacement of affected units, lots, common areas, or property, as well as for any injuries caused.

If a pet is approved for residents of an apartment, home, or duplex:

A $300 non-refundable deposit is required to cover cleaning, deodorizing, and potential damages.
A monthly pet rent of $100 will be charged.
Only one pet is allowed per unit.
Breed restrictions are in place for dogs.
Proof of vaccination is required for all dogs and cats.
A Pet Addendum must be signed and attached to the lease.

If any unauthorized pet is found, it must be removed within three days, after which an inspection will be conducted to confirm its absence.

Parties/Noise

All parties or other social functions in or around the premises must comply with the lease, including the requirement that noise does not disturb neighbors.
Residents should familiarize themselves with Monroe County’s Chapter 380 Noise Control Ordinance, a copy of which is accessible in the PIC office.
If your neighbors are disturbing you, contact local law enforcement and file a written complaint with the office, including specific dates and times.

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Address

3900 W Industrial Blvd, Bloomington, Indiana 47403, United States