Negotiate the Lease

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Most apartment residents do not read the lease. However, they get very upset when the landlord points out details contained within the lease. The lease is a legal document. You should read it. It was written by an attorney for the benefit of the apartment owner. The leasing agent knows and understands the lease. If you have questions she will be happy to answer them.

If there is a problem while you're at a resident at the property, the lease sets the ground rules for settling the dispute. If you don't know the rules, it is hard to win the game. You don't need to become an expert on apartment leases. However, you will be less likely to have an unpleasant surprise if you spend 15 minutes reading the lease before you sign it.

As you visit with the leasing agent, offer to close the lease quickly in exchange for a slight improvement on their last offer. You might say, "I'm trying to make a final decision. I would be willing to go with you if you are willing to..."

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Patrick C. O'Connor has been president of O'Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is also a registered senior property tax consultant in the state of Texas and has written numerous articles in state and national publications on reducing property taxes. He continues to set the standard in direction and quality of our appraisal products, adding services ranging from business valuations and business appraisals to cost segregation analysis for income tax reduction. For more information please www.poconnor.com today!

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