How do I negotiate my lease terms?
July 14, 2014 7:23 AM Subscribe
I've found a sufficient space to rent so I don't end up with a two hour commute each day. However, the terms of the lease are kinda iffy when it comes to vacating the lease early... Help me out?
The Lease in Question
posted by Driven to Work & Money (21 answers total)
Hello Mefites! I need some help reviewing this lease and making a decision. Here’s the scoop! I live about an hour away from where I work. I have been working at this place for a year. I do not want to drive back and forth over the winter again nor do I want to continue to subject my vehicle to the additional miles every day. I have been looking for an apartment in the city where I work (pretty rural, 19,000 population) with little success. I am trying to keep my expenses low so I can continue to save money. I have found an apartment that will suit my needs and has sufficiently low rent/utilities. However, after looking at the lease I am a little concerned. I have no intention of settling down to live in this city, but it is likely I will be here for at least another 6-9 months. The lease term is 12 months and is structured in such a way that were I to move out after 7 or 8 months I would be out my deposit AND the four or five months of rent left on the lease. I think that is a little unreasonable. I would be willing to pay a larger deposit or the first two months’ rent up front if the lease could be restructured so I would only be out my deposit if I ended the lease early. Currently, the rent is $475 a month with a $475 deposit. I am also barred from subletting the apartment, so even if I could find someone to take on the remainder of the lease I'm still S.O.L.
Would you look at my lease and tell me what you think I should do or give me suggestions for negotiation? My last lease was much more flexible because I was living on a University campus and I have been living with family for the last couple years. Please help!