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My lease renewal tactic that got me 3 extra months free
I was staring down a renewal at a Corktown storefront that had been vacant for 8 months before I moved in. Landlord came back with a 5% bump, which felt steep for a street still filling in. Instead of haggling the rent number, I asked for a 15 month term with a straight rate at year one and a bigger jump later. He agreed because the longer commitment made his financing look better. That extra quarter at the old price saved me about $4,800 total. Has anyone else tried trading term length for a slower rent increase in Detroit?
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charliestone13d ago
Tbh that only works when landlords are desperate. Glad yours bit, most won't.
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