{"id":836,"date":"2022-06-11T02:18:11","date_gmt":"2022-06-11T02:18:11","guid":{"rendered":"https:\/\/www.leasebreak.com\/guide\/?post_type=ht_kb&p=836"},"modified":"2022-09-07T13:48:16","modified_gmt":"2022-09-07T13:48:16","slug":"2-renter-tips-to-avoid-record-high-rents","status":"publish","type":"ht_kb","link":"https:\/\/www.leasebreak.com\/guide\/apartment-tips\/2-renter-tips-to-avoid-record-high-rents\/","title":{"rendered":"2 Renter Tips to Avoid Record High Rents"},"content":{"rendered":"

As you may have heard in June 2022, the median rent for a Manhattan rental apartment hit an all time high of $4K<\/a>. Rental prices for the rest of NYC are likely to follow suit soon.<\/p>\n

Here are two tips to help you pay less in rent.<\/p>\n

First<\/strong> – if it is possible – you should strongly consider staying where you are and negotiating your lease for another year. Why? Landlords are strongly incentivized to keep their tenants in place and minimize vacancy. This means you can hopefully negotiate a rental price below current market value. (Here is a video from the founder of Leasebreak to help you do that<\/a>). Vacancy is extremely costly to landlords. Also, there is risk that a new tenant may cause problems. You are a bird in the hand.<\/p>\n

Second,<\/strong> you should consider trying to take over someone’s lease. (Leasebreak<\/a> is the best website to find these kind of situations). Why? Well, many times if someone is trying to get out of their lease they are very motivated and may be willing to work on the price. Second, if you are reading this sometime in 2022, you will may be able to get a “Covid Deal”. That is, if someone from 2020 or 2021 signed a two year lease, then they would have signed during a period of reduced rents. If you could be lucky enough to “take over” their lease at their current rental price, you would be able to assume their “covid deal”, at least for the remaining months on their two year lease.<\/p>\n

Leasebreak<\/strong><\/a>
\nShorter Leases, More Flexibility<\/strong><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As you may have heard in June 2022, the median rent for a Manhattan rental apartment hit an all time high of $4K. Rental prices for the rest of NYC are likely to follow suit soon. Here are two tips to help you pay less in rent. First – if…<\/p>\n","protected":false},"author":1,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[25],"ht-kb-tag":[],"class_list":["post-836","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-tips-to-help-you-search-for-a-sublet"],"yoast_head":"\n2 Renter Tips to Avoid Record High Rents | Leasebreak Guide<\/title>\n<meta name=\"description\" content=\"[NYC Apartments for Rent] Click for free advice and other free rental tips. 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