Category Archives: Leasing

Room For Rent

Two Year Leases: Do they help or hurt?

Here at Pear Tree Property, we offer a $25 a month discount to new residents if they sign a two year lease. If the resident leaves before the lease is up, then that $25 a month is added to their account balance when we get a judgement.  It sounds like a simple win-win scenario – the resident pays less and we have a lower turnover.

How does it pan out in practice?  Does providing an incentive to sign a two year lease make sense?  This post is letting out a bit of my inner stats geek, but I hope you find it interesting.

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