Wednesday, July 7, 2010

During what time do apartment rental rates change?

My lease is up in November but I have to give a 60 day lease termination notice and so I need to start looking for an apartment around now or August just to give myself enough time to search my options before handing in that 60 day notice (during my previous lease I thought I was moving but couldn't find a good place in time and since I had given my 60 day notice, I could not renew my lease. I had to start all over with the deposit and other fees as if I was a new resident and I don't want this happening again) and I was just wondering:





1. why does the rental rates change EVERYDAY?


2. is there a specific time of the year or time of day when rates are just low? (I called an apartment complex for rates and then called back about an hour or so later and the price had changed.)


3. can you negotiate rental rates,application fees, administration fees and if so how?


4. when is the best time of year to move?





I am looking for serious answers and thanks for the help!During what time do apartment rental rates change?
Rental rates shouldn't change that much, if the rental rates change on a regular basis, someone is trying to earn more commission, or the previous apartment has been rented, and they moved on to the next available apartment.


The best time to look is early spring, when apartment complexes have been sitting with vacant apartments all winter long and will do any thing to get rid of them.


Rental rates change yearly (where I work) and it's a supply and demand thing. Late summer is when most people sit witht the most vacants but its very busy and chances are they can rent them before fall.


Rental rates are negotiable, there is market rate and then there is the higher amount to which the leasing agents try to rent the apartment for. Application fee are usually not negotiable ( in Ramsey County, MN, we can't charge more than what it costs) admin fee are always negotiable.


To do this, you need to tell them, you like the apartment but if the rent was a little lower and the admin fees were also, you could make this your home.





I hope this helps.


S

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