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Updated over 5 years ago,
Tenant negotiating lease renewal
Hi BP!
Just a little background, I signed this tenant in early spring. Since it was a slow time of year, I had the apartment advertised as a rent special of $950/month until August 1st, then renewing as a year lease at $1050/month. We signed a lease until August 1st with those terms, and she has been a great tenant. Always pays on time, easy communication, keeps the place clean, and even does some raking and landscaping.
My tenant has now asked if I could not increase rent, stating her yard work as a reason for keeping it the same. The yard work is negligible in my opinion. My first thought is to compromise and only increase her rent by $50 per month. What would you do? Would you stay firm with the original agreement or negotiate with a good tenant to keep them happy and in place?