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Updated about 2 years ago on . Most recent reply

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Elena Pech
  • Boston, MA
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Should last month rent be matched to a new lease?

Elena Pech
  • Boston, MA
Posted

Let's say 1st year lease was $1000, and the 2nd year it's $1050. Should I just consider a last month payment of 1000, or I can ask for additional $50?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Elena Pech:

Let's say 1st year lease was $1000, and the 2nd year it's $1050. Should I just consider a last month payment of 1000, or I can ask for additional $50?


It's best if you match the last month's rent and the security deposit to the current rent rate. Every time you increase the monthly rent, increase the last month's rent and the deposit to match.

  • Nathan Gesner
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