Rental Basics in Atlanta>Question Details

Andrew Wilki…, Trulia Community Manager in San Francisco, CA

Can being open to a longer lease help when negotiating a lower monthly rent payment?

Asked by Andrew Wilkinson, San Francisco, CA Wed Feb 22, 2012

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4
Sure.

If you have a strong rental application, landlords will often work with you on price in exchange for length. Things like automated debit on the 1st, no pets, and a good history also help.

Just try and figure out how high the demand is for the place you're looking. If people are beating down the doors, its unlikely they'll drop their rates.
0 votes Comment Flag Thu Feb 23, 2012
Yes. You are potentially saving the landlord the lost income for the period of time it takes the re-lease the vacant space and advertising cost.
0 votes Comment Flag Thu Feb 23, 2012
Most definitely! David is right on the money.

One note about renting. Lately, everyone fancies themselves an investor/landlord. As much checking as they do into your background, I'd recommend doing the same with your landlord. At least google them or ask for references. There is nothing worse than being in a rental situation, having something break and getting no response from the landlord. You can never be too careful!

Best of luck,

Amy McDaniel
The Chuck Smith Group
404-551-2607
1 vote Comment Flag Wed Feb 22, 2012
Absolutely. A LL would rather have a 2 year lease for $100 less than a 1 year lease with the chance of their rental being vacant for 2 months after tenant moves out. Think about it. $100 less for two years is $2400. if the rental is $1500/mo. and sits vacant a month or two every year that costs the LL $3000 every time it's vacant for two months. So, to answer your question YES it's of value to have a longer term lease.
1 vote Comment Flag Wed Feb 22, 2012
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