Depending on the duration of your lease, the time to renew may be coming around again. The question undoubtedly in the back of your mind is: should I renew my lease with Charlotte apartments? Lease renewal may mean spending another year in the same unit, but you need to keep yourself informed about your options as breaking a lease can be expensive. Here are some of the most common reasons to stay and renew your lease:
â??Maintenance is attentive and willing to take care of any problems in your unit in a timely manner. You have never had to wait more than a couple of days in order to get issues resolved. Of course, if maintenance is nowhere to be found and all you have are problems within the unit, moving somewhere else is a much better idea.
â??The landlord has good communication skills and is willing to work with you regardless of the problem. In addition, it should be easy to contact your landlord and you shouldn’t fall prey to the ever growing trend of playing phone tag. If you have never dealt with your landlord directly, it may be a sign of trouble in the future.
â??Are common areas and amenities kept updated? If the reason you moved to Charlotte apartments is for a gym facility or a swimming pool, you need to consider how cared for these amenities are. You shouldn’t be paying a premium price for things that never work or are constantly under construction.
â??Rent increases can happen to anyone, and if your apartment complex raises the rent, you need to consider if your unit is still comparable to other apartments in your area. Additionally, always keep in mind what you’re getting for your rent i.e. great amenities, updated units, attentive management or anything else.
â??Renewing your lease is also worth doing if your rent is still cheaper than any other apartment building in the neighborhood. In some instances, several rent increases still don’t make a dent in the overall cost of moving to a different location. It all comes down to doing some preliminary number crunching on your part. Compare living costs and make sure to get a realistic feel for the local market.
â??You may have grand dreams about moving, but what happens if you can’t afford to? You may be disillusioned about the rent increase or the thought of renewing your lease in the same location, but the fact remains that moving is very costly. This is especially true if you live in an expensive area that’s in high demand. Choosing to move during moving season can also incur hefty costs that you may not have the backup funding for. Unless things become too touch to deal with, limited funds often entail a lease renewal.
It’s that time of the year again when you need to decide to stay or go. In short, you need to think about your lease. Use the above checklist to help you make an informed decision about staying or moving on!