Ways To Negotiate That Limited Term Lease

By: Nick Davis

A short-term lease is usually one that has a duration of about six months, but will generally cover any rental agreement that is shorter than twelve months. Cases where people would want to rent short term include those who are on a long term vacation and prefer to stay in an apartment or house instead of hotel, companies renting for their expatriate employees, or people who are in the process selling and buying their houses.

Usually, short-term leases are not very popular with property-owners. The major disincentive is that short-term lease do not provide a stable and secure income for long periods of time, but also, they create more work as the landlord has to vet potential tenants more often and may end up having an empty place more often. Short-term leases end up taking more of a landlord's time.

For this reason, the landlord will often battle you until the end to ensure you have to pay a higher monthly rent and have limits on your deposit. He or she does not do this to be mean, but to ensure they have security. As the potential renter, you will need to battle him or her right back with the right negotiating skills.

Therefore, if you do not have a particular destination yet, you should look for places that have a higher turnover rate so that you have a little extra negotiating leverage. Being knowledgeable about the turnover rate of an area can be very useful when bargaining.

In order to really get the landlord to bend to your will, explain to him or her that you can move in immediately, and that you will provide him or her with two months of rent immediately. This will certainly make the landlord more flexibility in terms of monthly rent.

Another good tactic is to rent the apartment in its current condition. Meaning, you will do all the cleaning and fix any appliances that need to be fixed.

You also need to be aware that when bargaining, you need to assess whether you will be given the same facilities and utilities as long-term leases. These things may include a parking spot for your car, water and garbage collection.

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.

Article Source: http://yourfinance.co.za

About The Author
The individual has been publishing commentary about apartment rentals for the last seven years. Moreover, this individual likes blogging about New York neighborhood subjects, like Roosevelt Island real estate along with East Village apartments.