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Apartments for rent first month free

1. Net effective rent vs. gross rent

Apartment complexes advertise free months of rent through net effective rent. In this case, the rental rates being advertised are not what you will actually be paying each month. Instead, you’ll be paying that “base” rent with the added “free” month divided into equal, monthly payments.

An example of this tactic could be an advertised rent of $1,400 with one month free on a 12-month lease. The net effective price is $1,400 but the true gross price — the price you as a renter would pay every month — would be around $1,525. The “free month” of rent simply is paid over the course of the remaining 11 months of your lease.

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2 bedroom, Johannesburg Gauteng N/a

Johannesburg, Gauteng

R 4 900
  • 2 bedrooms
  • 1 bathroom
  • 78 m²

RBK47329519 – Get your first month rent free!! Spacious unit available for rental in secure and well maintained Miriam Court. The unit is fitted with parquet…

3 bedroom , beech tree close, Stanmore ha7

Harrow, North West London

£ 4,9503 rooms

Flats

Property reference: 134.Short let apartment, all bills included, free WiFi, sky and paid June, July, August, December and Easter period, quotedprice may…

2 bedroom apartment Ryton Tyne y Wear

Ponteland, Northumberland

£ 6002 bedrooms1 bathroom

Flats

Rbk47864618 – property rung are delighted to bring to the market to let, this spacious 2 bedroom ground floor apartment in the sought after millennium court…

Pros of Month-to-Month Rental Apartments

Is it a good idea to look for month-to-month rental apartments? If you are debating between a monthly apartment and a long-term lease, weigh the pros and cons appropriately.

Many of the details that impact these pros and cons will be outlined in your lease agreement, so make sure to read it carefully. For example, you may decide the pros offset the cons or decide you need a long-term option if you prefer more stability.

Below are some pros of these short-term leases.

1. Added Flexibility

The major draw of month-to-month rental apartments is the flexibility they offer. With a little planning, you can move out anytime you want without breaking your lease. However, you need to give the required notice. For most monthly rental apartments, landlords require 30-days notice.

2. No Penalty for Leaving Early

Because leases on month-to-month rental apartments are renewed every month, you will not be penalized for moving out before you’ve lived somewhere for 12 months. Just make sure you give appropriate notice as laid out in your lease agreement.

3. Easy to Convert to a Full-Time Lease

If you decide to stay longer, most month-to-month rental apartments are easy to convert into a long-term lease option. The arrangement could result in a rent decrease or stabilized rent prices for the next year.

2 Bedroom Apartment in Raslouw

Raslouw, Centurion West

R 6 600
  • 2 bedrooms
  • 1 bathroom

2 bed 1 bath apartment to let stone ridge first month rent free !!! Available : immediately /1 april 2022 the junction estate offers a luxurious living .It…

Serviced and Furnished Apartments Montreal

If you are in town for just a short time, there is no more convenient solution than looking for a serviced apartment in Montreal, these come furnished and with utilities and appliances all included, no need to set up bills and waste your time in this wonderful city. As you would expect, serviced apartments in Montreal are slightly more expensive than long term rentals, though modern buildings with extra amenities such as gym access still come fairly cheap. For example, a 670 square foot apartment in a good location will cost around $1350.

Types of Accommodations in Montreal

Final Thoughts

Monthly rental apartments can offer the flexibility you need to get settled in your city without worrying about the costs of breaking your lease. However, as with any apartment, there are pros and cons to consider about signing a short-term lease.

If you’re looking for month-to-month rental apartments, start with Apartment List

3. Watch for rent increases

Landlords could easily drop the rental rate for every month to reflect the “savings” you’d be getting by taking the free month deal. However, the free month deal is quite common. One reason for this is that it gives landlords the liberty to increase rent for the subsequent years at a faster rate than they’d be able to get away with otherwise.

If a landlord increases the rent from the amount you pay with a free month, it seems like less drastic of a price increase than if they had lowered the rent altogether and increased the rent from that starting point.

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