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First I tell them this is not going to be a windfall.
Then we come up with some realistic figures on what it is going to cost to move... movers, deposits, utility, phone, new schools for the kiddos... etc.
The last person I helped got there full deposit and $2000 if she was out by the end of the month which was a little over 3 weeks... she even got her deposit early because she said she needed it for the new place...
It was all very amicable... and she did not have a lot of extra cash just sitting around... a single mom with two kids and she supports the family.
Another one was adamant she would not consider moving if it meant changing schools mid year... the owner understood and it was 3 months out... he was OK with her staying and even cut the rent $200 a month to be paid upon leaving because of the Monday through Friday work at the building...
OP I wouldn't get too greedy. If you ask for too much, you might be living in a construction zone all by yourself with them not wanting to pay you that much.
I would sit down and look at your finances and realistically figure out how much it would cost to move. Either way you are moving whether you take the deal or wait till the lease expires. Figure in moving costs, first and last and security. (not all ask for this but nice to have a cushion of one's month rent) Then tell them the $400 isn't enough to pay for a move. (hint hint)
I was kind of joking or throwing out a starting point. Much of it will depend on the cost of the rental per month. But $400 sounds like an insult to me unless the rent is about that much. Even then.
A typical break lease fee is two months rent plus whatever concessions that can be gained... such as a full security return upon turning over the keys...
My sister lived in an apartment building while it was under construction. Trust me, you don't want to put yourself through that. $400 seems low, though.
I had a Cash For Keys offer once when I was renting a house and the landlord got foreclosed on, and it worked out to about 3x rent.
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