Is a 2 year lease worth a $200/month rent deduction?

Houston, TX · Member since 2014 · 4 posts · 0 votes

Hello, all.

The house is listed at 2,175, but I want to ask the landlord for a monthly rent of 1,975, in exchange for a 2 year lease with a buy-out option. Is this too much to ask?

I have an excellent credit history and a credit score of over 750 FWIW.

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Marcia Maynard

Investor · Vancouver, WA · Member since 2013 · 3k+ posts · 4k+ votes

12y

Tenants will move when they want to move. Lease or no lease. Once a discount is given, it can not be taken back. The concession on a longer lease, or a month-to-month, needs to be backed by a sufficient security deposit in case the tenant doesn't carry through on their end of the deal.

An early termination clause should be in every lease agreement, and will often include an early termination fee.

Also, some state laws and municipal codes limit the maximum length of term allowed for residential leases; some only allow up to one year others allow more, so check that out as well.

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Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
12y
Why would you as a landlord want to raise the rent on your tenant if they are willing to keep renewing year after year? Market rents are not so volatile that all of a sudden say a home that rents for $1,000 per month 2yrs from now is a $1,300 per month home. Tenants will move over $25, I have seen it and its not worth it to pay for the make ready repairs and the 2 month vacancy and property mgmt placement fee!! Personally, if I got market rent I would let them stay at that rate every year.
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Bill Wallace
Residential Real Estate Agent · Mound, MN · Member since 2010 · 87 posts · 32 votes
12y
No.
Even if the state allows leases of longer than 2 years I wouldn't offer a discount from what I thought was the fair market rent. As the landlord I might accept a 2 year lease at the market rent and sell it to the tenant as a guarantee that rent won't increase for 2 years. That seems like benefit enough to both parties - guaranteed tenant, guaranteed lease rate.
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