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2 year lease

Started by riverside612
about 15 years ago
Posts: 14
Member since: Jun 2009
Discussion about
is the price for a two year lease typically higher than 1 year lease. I just asked for a 2 year, and the price was higher for year on (same for the two years) but higher than if I was going to take the 1 year. My first time as a renter.
Response by 875gator
about 15 years ago
Posts: 193
Member since: Sep 2010

Yes, typically higher for two year since you are locking it in and they can't increase again in a year.

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Response by snezan
about 15 years ago
Posts: 73
Member since: May 2009

a few landlords do this.. BLDG is notorious. Also, Windsor. Pan Am equities used to.

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Response by lobster
about 15 years ago
Posts: 1147
Member since: May 2009

The rental building that I live in only allows 2 year leases. You can ask for the same rent for the entire 2 year period - sometimes they say yes, sometimes they insist on a small increase the second year of the lease. Also in previous rental buildings, I have done a 1 year lease with an option on my part only to renew for a second year at the same rent. This gives you the option to stay or leave depending on the market rental prices after one year.

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Response by julia
about 15 years ago
Posts: 2841
Member since: Feb 2007

lobster...you're so lucky to get a two year lease...i've been trying to make that a requirement and i can't get any LL or condo owner to agree.

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Response by Bravo466
about 15 years ago
Posts: 5
Member since: May 2010

My builing a two year lease was always cheeper then a one year.

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