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Updated about 6 years ago,

Andrew Hardin's profile image
Andrew Hardin's profile image
Andrew Hardin
  • Member since Jul 16, 2018
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Andrew Hardin's profile image
Andrew Hardin's profile image
Andrew Hardin
  • Member since Jul 16, 2018
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Andrew Hardin
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General Landlording & Rental Properties

Tenant requesting 5 year lease. How should I structure rent?

Andrew Hardin
Posted

My tenant is requesting a 5 year lease. I was originally going to increase rent by 3% per year.  Because they want to sign for 5 years, which will reduce vacancy costs, I should probably reduce the annual rent increases but I have no rule of thumb to go by.  Please share some wisdom. Thanks.

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