SoCal78_IHB
New member
I just got a call today from my IAC leasing office. They want us to sign our lease renewal within a week (even though it's not up for another 2 1/2 mos.)
We have a 2 bdrm / 2 ba, approx 1100 sq ft apartment with detached garage... one year old construction with many upgrades in Portola Springs. Pay $2k/mo on our 8-month lease. (This is with a discount for electronic payment.)
Get this - the girl calling from the office told me she's happy to announce that if we renew our lease for a 1-year term, we "won't have to pay a rent increase!"
I laughed so hard I nearly dropped the phone.
I told her I have been keeping a close eye on the real estate and rental market here and will not hesitate to move if they do not give us a decrease. Before I could finish talking she said that is completely reasonable and they can definitely work something out. Um yeah. Thought so. And she threw in that she could do a decrease even on a short-term lease to boot. Keep it comin', Lady.
I have read a couple things on here from other IAC renters about receiving rent reductions recently... I tried the search bar to find it again but no luck. If you have recently renegotiated your contract, please respond here with details. I want to be armed and ready. I thank you in advance!
She emailed over our official letter and it actually states if we go month-to-month they will raise our rent $350/mo. Holy Mother of God.
I am in flurry mode right now pulling up all the IAC Craig's List ads I can find for comparable apartments. So far, so good. I have found several apartments just like mine asking around $1,740/mo. This is what I want to pay. Do you think this is reasonable? I am printing everything out including floorplans and will show it to the manager.
One other question... in these times of downward pressure on rents, does anyone think it would actually be preferable to indeed go month-to-month so that the rate could be renegotiated more frequently to keep up with current (lower) rates?
That's all for now -- SoCal
We have a 2 bdrm / 2 ba, approx 1100 sq ft apartment with detached garage... one year old construction with many upgrades in Portola Springs. Pay $2k/mo on our 8-month lease. (This is with a discount for electronic payment.)
Get this - the girl calling from the office told me she's happy to announce that if we renew our lease for a 1-year term, we "won't have to pay a rent increase!"
I laughed so hard I nearly dropped the phone.
I told her I have been keeping a close eye on the real estate and rental market here and will not hesitate to move if they do not give us a decrease. Before I could finish talking she said that is completely reasonable and they can definitely work something out. Um yeah. Thought so. And she threw in that she could do a decrease even on a short-term lease to boot. Keep it comin', Lady.
I have read a couple things on here from other IAC renters about receiving rent reductions recently... I tried the search bar to find it again but no luck. If you have recently renegotiated your contract, please respond here with details. I want to be armed and ready. I thank you in advance!
She emailed over our official letter and it actually states if we go month-to-month they will raise our rent $350/mo. Holy Mother of God.
I am in flurry mode right now pulling up all the IAC Craig's List ads I can find for comparable apartments. So far, so good. I have found several apartments just like mine asking around $1,740/mo. This is what I want to pay. Do you think this is reasonable? I am printing everything out including floorplans and will show it to the manager.
One other question... in these times of downward pressure on rents, does anyone think it would actually be preferable to indeed go month-to-month so that the rate could be renegotiated more frequently to keep up with current (lower) rates?
That's all for now -- SoCal