Why Renewing Your Rental Lease Early Could Come with Benefits
We’ve all been in a scenario that we either hate our rental house, or the landlord that we rent the house from. Either of these can lead to so much unneeded stress. That is why when you feel you have found the perfect rental house and the perfect landlord, you should take steps to make sure that relationship is always on the up and up. One of the best ways is renewing your rental lease early as sometimes this can have benefits far beyond simply bettering the relationship between yourself and your landlord.
Market Changes
The housing market can oftentimes have a direct affect on the amount a landlord needs to charge for rent. If the market shifts and it suddenly costs more to afford the property, then the landlord will need to charge more. Simple. In light of that, someone who signs a two year lease could possible “lock in” a lower rental amount if the market were to shift say for year two of the rental agreement. The same can be said about signing your next year’s lease early. If you and your landlord come to an agreement and the market changes, you could also find yourself in the “locked in” category of tenants who are paying below market rental costs.
Landlords Love Reliability
One of the best things a landlord can ask for is a tenant who pays rent on time, doesn’t cause any issues, and doesn’t damage any property. If you believe you fit into this category you find yourself in a pretty good scenario. Your landlord probably loves you! Use this as an opportunity to negotiate your rental agreement. Sometimes having the perfect tenant can be worth sacrificing a few extra dollars a month in rent. This will not always be the case, however, being a model tenant is a great way to ensure that if the opportunity arises, you will be able to take advantage of it.
If you have questions about your lease, or need a copy be sure to contact you landlord. When it comes time to renew your lease or find a new home, keep these tips in mind. They could help save some money and stress in the long run. For any questions houses for rent in Toledo, Ohio contact us today!
