6 Reasons Not to Renew Your Rental Lease

6 Reasons Not to Renew Your Rental Lease

There comes a time in most renters’ lives when a decision has to be made as to whether to renew a rental lease or relocate to a new place. If you are currently struggling with this decision, it can be helpful to consider some of the reasons not to stay. In our experience as seasoned Dallas apartment locators, we’ve found that if any of the following six factors are present, it might be wise to consider moving on to bigger and brighter pastures.

Rental increase. Like it or not, rental increases are a fact of life. How much more you’re comfortable with and capable of spending, on the other hand, might make this factor the do-or-die decision maker. If you’ve received notice that your rates are going up, your best bet is to do a little research to make sure that the new rate is fair and comparable with others in your area (our Dallas apartment finders can tell you this right off the bat). If it’s reasonable and you love the place, stay. If not, start looking.

Life changes. Life moves on and oftentimes at a much faster rate than we realize. Changes like landing a new job, getting married or starting a family might all impact whether or not staying in your current apartment really makes sense. Evaluate your current situation as well as any changes you anticipate over the next year before locking yourself into a new contract.

Landlord problems. Ideally, we all want to be on great terms with our landlords. Unfortunately, this isn’t always going to be the case. (You should hear some of the horror stories our Dallas apartment locators have heard over the years.) If you’ve had issues, whether it’s lack of communication, delays in requested repairs or anything else, now’s the time to reevaluate whether or not you’d like to stay.

Building. Do you really love where you live now? Are there enough amenities to keep you happy, or do you long for more? Many of the luxury apartments for rent in Dallas actually feature some pretty amazing perks, like on-site fitness centers, laundry rooms, rooftop bars and swimming pools. And you might be pleasantly surprised at the cost to rent these properties. If your current building is lacking in these areas, it might be worth exploring your other options.

Location. How close are you to your job? How about your friends? Your favorite restaurants or shops? There are plenty of beautiful neighborhoods in Dallas and each has its own pros and cons. Now that you have the opportunity to start fresh, you may want to reconsider the locale of your residence.

It’s feasible. If you’ve been living in your current apartment for a while now, your circumstances may have changed, particularly in terms of finances. For instance, if you’re making more money now than you were when you moved in, relocating to a new place might be completely doable. (And if you decide to work with our Dallas apartment locators, we’ll even throw in a $100 cash rebate or 2 hours of free moving service.) Plus, as mentioned, the costs of other properties in various neighborhoods might very well be comparable to what you’re paying now, so why not?

If you’re currently on the fence about whether to stay put or move on to bigger and better things, we encourage you to contact us. We’d be happy to show you our inventory of beautiful luxury apartments for rent in Dallas. After all, it doesn’t hurt to see what’s out there, right? Give us a holler today.

April 27, 2017 / by / in
Comments