When you first moved into a new apartment, you may have sat down with the landlord and asked for a few rent concessions. This could have been a lower amount for the rent, to have a pet in the place with you, or something else. This was often given to you as a way to sweeten the pot and get you to move into the community. Now that you are settled and ready to go, it is time to decide whether you would like to renew your lease or make another apartment your new home. If you are considering renewing the lease, one thing to consider asking ahead of time is whether the rent concessions that you got when you first moved in will renew with your lease.

Remember that a rent concession is a temporary offer from your landlord or property manager that was used to help attract or retain you as a tenant. They may have offered a month of free rent if you became one of their tenants. Depending on the rent concession that you got in the beginning, you may or may not be able to get it later on when you renew the lease. Things like a free month of rent will probably not happen, for example.

While these rent concessions can be a fantastic way to get a new tenant to move in quickly so that the apartment does not stay empty, they do not automatically apply when you do a lease renewal. If you are concerned about your rent concessions during this time, the best thing that you can do is talk to your landlord or the property manager before you sign the new lease. They may find it impossible to offer the exact same concession to you again, but they may be open to offering you something else. Just like negotiating the lease terms or the price, requesting these concessions during your renewal is never a bad idea. The worst they can say is no.

It is time to find a new home that you can fall in love with. And that is why we are proud to offer some of the best apartments in the Fashion District. This is the best location when you want a new home to make all your own, with everything nearby and easy to access. Our apartments also have some amazing amenities, a ton of space, and an affordable price that will make you want to move in as soon as possible. Don’t wait around for a new apartment to open up. Contact us today to schedule your tour immediately.