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Usually if you bring comps of competing units in the area with lower prices and similar quality they will not raise the rent. At least in Dallas.
I’m actually negotiating the termination policy for possible layoff or relocation
If you have a management company they MAY potentially budge on rate, but are not going to modify language in their form lease for a residential apartment lease. Those terms are cleared through legal and it is not worth their time to do a special modification for a residential lease.
While it is no guarantee, many lease termination clauses can be unenforceable under Texas law. Many leases seem to require 60 days notice PLUS two month early termination penalty. The penalty however must reasonably represent their damages and landlord has a duty to mitigate. In a hot market there is a decent argument to contest the early termination damages entirely
@SA1. The analysis is fact specific so it's hard to say for sure. The early termination is intended to represent liquidated damages for your breach (i.e. the money they lost because your unit sat vacant when they otherwise would be collecting rent). Depends on what your monthly rent is (i.e. $4000 is X times one month rent) and what the market looks like. If the market is hot and average vacancy in your type of building (i.e. class A buildings) is low like 14 days, it may be high. What is also unknown is if your apartment successfully mitigated (i.e. did they timely lease your unit for an equal or higher rent).
Most leasing office managers just read you a standard script and don't really understand their obligations under the property code. To get them to back down you often need to call their bluff and just invite them to sue you
If you’re looking into getting out of the lease, look for someone to do a lease takeover instead. I did that in 2020 and it was smooth and exactly what I needed!
Renewal or new lease? Sure. Sometimes I get nowhere. But it doesn’t hurt to ask and be willing to walk.
A renewal
Precovid it was approved for a few bucks reduction. During or after covid, straight no. Because market rent was more than (few 100s) the new renewal rent in my case.
I’m actually negotiating the termination policy for possible layoff or relocation
I feel like this could work if you are firm about walking and you promise to sign the day of if they agree. A lot of places are tough on this without an attorney to help ya out I feel like. But you should try- the worst they can say is no :)