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Rental Incentives
Renter Answers
The cost of renting is primarily affected by supply and demand. When there are more renters competing for a limited number of rental units, rents typically rise. On the other hand, when there are more vacancies than the supply of qualified applicants, rents usually drop.
If you are new to the area or renting for the first time, take advantage of the incentives available to you. By signing a long-term lease for six months or one year, you may receive one month of free rent (usually the last month of your lease).
For existing renters, if your lease is up or you are renting month-to-month, you may be considering a move to someplace with lower rent, or looking for more space for the same price you are paying now. However, before you make such a move, contact your current property manager or owner. If you are a good renter, they may offer to lower your rent or perhaps install new carpeting. In times likes these, they know that finding a replacement for a good renter might take awhile.
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