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Old 02-20-2012, 01:21 PM
 
2 posts, read 483 times
Reputation: 10

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Hi Everyone, I am a new member here
I have a decision to make. This year I had to sign a lease with my old apartment/landlord for a higher rent than before as prices have gone up. My lease started from Jan2012 and ends in Dec2012. So its for 1 year.

I saw that a nearby landlord is providing an apartment where the rent/month is 100$ less than what I am paying with the same facilities. I would like to book this new apartment but don't want to break the current lease and go for it now.

I was planning to book this new apartment from Jan2013 for a year. As the specials the landlord is offering are better. (The apartment does not look so nice as my current one).

Is this a good decision? What do you think? I need someone's advice..

Thanks
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Old 02-20-2012, 02:49 PM
 
Location: NYC
2,788 posts, read 2,310,369 times
Reputation: 1586
Not sure they'd even be able to make a lease starting a year from now without knowing if the current tenant was leaving (and if the place is currently empty, I'm sure they are not going to intentionally keep it empty collecting no rent for that long). And I don't think they have any motivation to do such an early lease because then they lose the option to raise the rent if market value is higher next year.

I'd say if it's really that much better of a deal, I'd just break the current lease and take the new place. Or if you don't want to break the lease, just wait until your current lease is finished, and then see what's available then (and what it costs), because you never know.
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Old 02-20-2012, 05:20 PM
 
2 posts, read 483 times
Reputation: 10
@rotodome: Hi. Thanks for the reply. Ya. I know its my call. But at least I wanted to talk to someone before taking a decision. Thanks for the advice. I think I would stick with the "wait and watch" policy..
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