Rental Home: 5 Reasons Not to Renew the Initial Lease

Moving to a new place and changing lifestyle to adjust to the new neighborhood is not easy, and nobody wants to go through the hassles of frequent moving. However, sometimes you have valid reasons to walk away after the initial one-year agreement. It will be wise not to renew your rental lease if you find any of the 5 following reasons:

Rent Hike

It’s the most common reason for renters to look for a new rental home. In fact, 90% of renters move out because of the unfair raising of the rent. Property owners generally raise the rent with the intention of renovating and commanding more rent or selling the property. Renters too usually don’t make a fuss for a $100 or $200 hike. However, if the hike is insane and unfair, say ‘bye bye’ to the lease.

Landlord Doesn’t Spend for Repairs

You surely won’t live happily in a rental unit where the shower is broken or the roof leaks. It’s frustrating to live with these problems even after paying hundreds of dollars rent per month.

Most landlords don’t mind fixing the small stuff that doesn’t cost more than a couple of hundred bucks. However, they turn a deaf ear if the cost is likely to cross a couple of thousands. If your landlord continuously ignores the major, essential repairs, you should pull yourself out of the rental lease.

Poor Maintenance of the Property

The maintenance is a problem if the landlord or property manager does not live nearby. You probably don’t want to live in a home that hasn’t been painted for years or that stinks because of litter scattered around the property.

Another problem is you won’t have any immediate solution whenever you face a problem or need a repair. It’s difficult to find someone who can do repairs or serve as a trusted liaison if you’re not a local.

Changes in Life

Many renters move out mainly because of the changes take place in their life. People live in a home that meets their family needs and suits their lifestyle. So, any change in those spectrums demands a change of the living place too. Getting a new job, getting married, having a divorce, or welcoming a new member in the family – any of these things forces a change in your real estate life.

When You Find a Better Option

Sometimes, it’s easier to rent a new home than trying to work out the issues in the old rental. It’s wise to leave the old place if you find a better rental unit for the same or less rent with more facilities and better landlord reputation in a more desirable location.

Renters have the freedom to move out after the initial term agreed upon on the lease. It’s smart choice to use that freedom to find a better living place, not to sacrifice happiness for trying to cope up with the never-ending problems.