Negotiate an Apartment Lease
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Negotiate an Apartment Lease

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Make sure you get all the details written out and agreed to before you sign on the dotted line. You'll have to abide by that agreement for the term of the lease.

Make a list of what is important to you and what details you want to include in the agreement.

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Study the lease agreement as it is written and highlight any areas you want to change or negotiate.

Explain to the landlord your reasons for wanting or needing the change.

Be willing to give something up in order to get something else.

Act responsibly and respectfully. You'll have more success if you are pleasant to deal with.

Provide documentation to support your worthiness as a renter, such as a good credit report and a recommendation from another landlord or rental-management company.

Get everything in writing once you agree.

Remember that your ability to bargain depends on whether the landlord is anxious to have you as a tenant or there are plenty of other great prospective tenants from whom to choose.

Negotiating the lease also involves such items as rent-due date, move-in date and things to be fixed or improved before the move-in date.

 

Keeping Your Lease if Your Landlord Sells the Property You're Renting

If your landlord sells the property you're renting, you may be able to keep your lease when the property transfers to new ownership.

Make sure you have a written lease with your present landlord that covers a specified period of time.

Try to negotiate a new lease with the present owner before the property is sold, especially if you do not have a written lease.

Read your lease to see if the rental documents address your rights to continue renting until the end of your lease, even if a new owner purchases the property.

Be aware that rental agreements may change with a transfer of ownership, but most state laws require new owners to uphold the terms of existing rental contracts.

Contact a real estate attorney about your rental rights under a property transfer in your state, if you have a long-term lease (more than one year) or a lease without a specified end date.

Make a new rental agreement with the new owner when your current lease expires.

Laws in your city or state probably give you the right to live in the property until the end of your lease, but it's wise to check with local housing authorities or a real estate attorney about your rental rights when the property is sold to new owners.

Leasing | Drafting a Lease for Your Rental Property | Change the Terms of a Lease |
Negotiate an Apartment Lease | What is a leaseholder | Business property lease |
Contents of a Lease | Manage Rental Property