Latest Blog From Apartment Living Locators in Houston

Tips on Renewing Your Lease (or not)

August 6th, 2018 2:39 PM by Doug Spector

Things to Consider Before Renewing Your Lease

 

Doug Spector/broker


Let’s face it, moving home can be a daunting and stressful experience. Often times, staying put can be a much simpler solution. However, you want to make sure that the apartment in which you are staying is comfortable to your needs, offers fair market value, and receives necessary attention from the landlord. Here are specific things to consider before putting pen to paper and renewing your Houston, TX apartment lease:

1) Does this specific apartment still hold its appeal to you?

As a renter, you have the flexibility to decide where you live. Despite the stress, you have the freedom to decide your next move relatively easily. As such, you want to ensure that the neighborhood, facilities, and general décor are up to standard. If not, you can always attempt to negotiate with the landlord for reduced rates or better response to maintenance requests.

2) Check out competing properties in the neighborhood

If you’re open to the idea of moving, even if not convinced, a good benchmark would be searching different properties in the area. That way, you’ll be able to see exactly what’s on offer and at what price. You may be surprised to discover your rent is comparably a lot more expensive than other places of a similar standard. On the flip side, you could be enjoying significantly cheaper rent than the average. Either way, you’ll be ready to make your lease renewal decision more easily armed with hardcore facts.

3) Consider alternative options

If you are truly unsure what to do when it comes time to renew, consider asking your landlord for more flexible renewal terms. It’s not unheard of for landlords to offer month to month rental agreements, or even half year leases (opposed to a full year). These types of agreements aren’t commonplace, but from a landlord’s point of view, a longstanding resident offering a guaranteed monthly rental income is better than a vacant property!

 

Regardless of how you choose to proceed, making an early decision often saves tons of stress (and potential late fees). In addition, deciding your future earlier allows ample time for you to plan your move – if that’s your decision – which we here at Apartment Living Locators already know is a fairly daunting prospect and we’re always available to help for free. Not only that, but it also helps you to maintain a stronger relationship and rapport with your Houston, TX landlord if you decide to stay. 


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