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Negotiating a lease renewal, net effective rent explained, & more

Published August 21, 2020 (over 5 years ago) · Updated 3 months ago
Negotiating a lease renewal, net effective rent explained, & more
This week, readers visited Brick Underground to learn how one Brooklyn renter negotiated a lower rent with his landlord when he renewed his lease. He researched rent drops and concessions for similar Brooklyn apartments and asked for a 12 percent discount—and ultimately accepted a 10 percent discount.
Also of interest: Have you noticed the term "net effective rent" in apartment listings. It's not the rent you'll actually pay—it reflects a free month or maybe two, spread out over the term of the lease. The real rent is called the gross rent and our article tells you how to figure that out.
Here, in full, are this week's most popular posts.
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