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View Diary: Cheers and Jeers: Thursday (131 comments)

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    ...when you are figuring out whether you can handle the 22% increase, convert that to a dollar figure and then add up the costs of moving: not just first month's/last month's/security deposit/possible broker's fees, but also costs for moving services and/or equipment, fees associated with transferring utility accounts and set-up (cable install, etc.). It may turn out that those costs would be more than the additional rent.

    Alternatively, if you like where you live and would want to stay there a while, see if your landlord might agree to a longer lease with a slightly lower per-month increase, or a slow step-up. For example, a 2-year lease with a 15% increase, or a 3-year with an increase that equals 22% by the 3rd year. It is not as much cash in hand for them in the short-term, but it might save them the costs associated with having to find new tenants and possibly having to fix up the place for a new tenant (painting, cleaning, etc.) or having the place vacant for a while.

    "The truth can't hurt you, it's just like the dark. It scares you witless but in time you see things clear and stark." - Elvis Costello

    by Vacationland on Thu Sep 19, 2013 at 07:16:37 AM PDT

    [ Parent ]

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