Reduce Your Rent With A Longer Lease

In our market over the last 2-3 years, there have been a lot of people renting homes and condos as they wait for the market to recover.  Others have been forced to rent due to short sales or foreclosure.

If you are a renter and plan to do so for an extended period of time, don’t be afraid to negotiate with your future landlord.  There are a number of terms you can change.  The goal is not to create animosity with the person collecting your rent, but to establish a common ground on a fair lease price and term.

One of the best ways you can reduce rent is by offering an longer lease term.  For example, if the rent is $1500 per month for a 12 month lease, offer $1,250 for a 24 month lease.  It doesn’t hurt to ask; they say “you can’t get what you don’t ask for”!