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Discussing A Limited-Term Lease – Advice For Being Successful

By Rachel Downing

If you are looking for an easy way to rent an apartment for six months or so, you should consider looking for a short-term lease. Perhaps you are a student that will only require a place to live for eight months, or you are going on a vacation and do not want to spend every night at an expensive hotel. Either way, you need to know how to acquire that perfect short-term lease.

While a short-term lease may be the best option for you, it may not be the case for the landlord. Chances are he or she would prefer to have a long-term lease, as it is a steady income and costs less for tenant screenings.

Because of this, often the property owner has the upper hand when it comes to negotiating, and often the potential occupants will have to give a number of allowances such as higher rent, larger deposits, and more conditions on the lease.

Thus, if you have no specific place in mind yet, search for communities or neighborhoods with a high vacancy rate so that you will also have some bargaining power on your side. This is especially true when you show that you are aware of the high vacancy rate.

Another good idea is to tell the property owner that you are able to pay the deposit straight away, maybe even a few months rent in advance. By doing this, you may be able to drop the monthly rent.

Also, a good thing to offer when bargaining is to say you will take the place “as is”. This means that you will take on the cleaning, will not complain about anything that needs fixing up around the place, and in general, accept a lower condition of the property.

Ensure you negotiate rent and necessities such as water and heat. You do not want to be paying a separate hydro bill if it is not included, so double check that it is.

Having a letter of recommendation from your previous landlord, as well as proof of being a good credit risk will also work in your favor.

The author has been contributing articles on negotiation for the past three years. Furthermore, the author takes pleasure in providing knowledge about NYC real estate subjects, such as Roosevelt Island real estate and East Village apartments.

categories: Real Estate,Leasing,Renting,Home,Family,Negotiation,Communication,Legal,Moving,Relocation,Advice,Finance,Personal Finance,Saving

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Article Citation
MLA Style Citation:
Downing, Rachel "Discussing A Limited-Term Lease – Advice For Being Successful." Discussing A Limited-Term Lease – Advice For Being Successful. 13 Jun. 2010. uberarticles.com. 17 Jul 2014 <http://uberarticles.com/real-estate/negotiating-a-short-term-rental-with-a-landlord/>.

APA Style Citation:
Downing, R (2010, June 13). Discussing A Limited-Term Lease – Advice For Being Successful. Retrieved July 17, 2014, from http://uberarticles.com/real-estate/negotiating-a-short-term-rental-with-a-landlord/

Chicago Style Citation:
Downing, Rachel "Discussing A Limited-Term Lease – Advice For Being Successful" uberarticles.com. http://uberarticles.com/real-estate/negotiating-a-short-term-rental-with-a-landlord/

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