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Updated about 4 years ago,

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4
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David Choi
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4
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Tenant wants to leave for cheaper unit

David Choi
Posted

Hi everyone,

I just had a tenant notify me last week that they found a cheaper unit in the same sub and requested an incentive for her to stay at our place. We charge $3200 for a 2bdr 1232 sqft unit in Newport Beach, which is right in line for the market value for rentals in the area. This new unit with a similar floor plan and specs just became available and is going for $2500 which is way below it's zillow rent estimate. She explained in her email to me that the chance to save money is too hard to pass up and as is willing to lose her deposit if she opts to move out. I responded to her saying that we cannot offer any incentives for her and would like for her to honor our current lease agreement, and she replied by asking if she'd lose her deposit if she leaves. I'm pretty upset as we're only two months into our agreement and she's already thinking of leaving, and just trying to figure out how to handle this situation.

I appreciate any advised or suggestions.


Thank you! 

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