Offering Incentives for Tenants
In some cases, landlords use multi-year leases as a way to attract renters by offering perks.
- Locked-In Rent Rates: A longer lease might come with the benefit of stable rent, protecting tenants from annual increases.
- Customizable Agreements: Tenants willing to commit to a multi-year lease may have more room to negotiate favorable terms, such as discounted rent or upgrades to the unit.
5. Legal and Investment Strategies
Landlords with multi-year leases might also be thinking about long-term strategies for their properties.
- Attracting Investors: Properties with stable, long-term tenants are often more appealing to potential buyers or investors.
- Simplified Legal Disputes: Multi-year leases with clear terms can make it easier to resolve disputes, as both parties have agreed to a longer-term commitment.
https://flattory.com/articles/why-do-landlords-require-multi-year-leases-for-apartments/
