Viewing a single comment thread. View all comments

Index_Positive OP t1_jcipns5 wrote

Reply to comment by njkid30 in VYV Rent Increase by Index_Positive

I hope so. I was bracing for the worst since it’s a managed building and they usually don’t care about retaining existing tenants. Wouldn’t even let me sign a two year last year.

1

Miringanes t1_jcloiqt wrote

I learned from my management company that the two year vs one year option is highly dependent on how many leases are on the same cycle. They basically don’t want a whole bunch of leases coming up at the same time so software optimizes the spread and will let them know what duration they should offer.

1