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Updated almost 4 years ago,
Rental Seasonality Salt Lake City
I have a tenant in my townhome in Salt Lake City that his one year lease is ending in June. He’s wanting to extent his lease to the end of Oct. He’s agreed to a 5%-10% rent increase to extend.
My concern is that if I agree, it will hurt me in Nov when trying to find new tenants and what price I can rent my townhouse since there is less demand. Hoping to get advise.
Any advise is much appreciated.
Thanks!