Feb 12, 2004 -- What a great time to rent!
Clark has talked in the past about the opportunity available to the one in three people who rent homes today. The opportunity now is the best its been in decades. New data from the Census Bureau shows that the vacancy rate in apartments is the highest its been since the bureau started collecting the information five decades ago. Its not true of all areas of the country. But, in many, you can be shopping the marketplace and finding a great deal. You also need to remember that many leases have automatic renewal clauses. So, if you dont give enough notice, you could be stuck in the same place. Tell your landlord that youre giving notice because there are great deals. Make a list of the offers you get and then go back to your landlord and negotiate. Some landlords are giving DVD players, televisions and some are giving free rent. There are drawings and contests all the time for a year of free rent. Thats fantastic. Rents are also down in many places as much as 25 percent. So, get out there and work a deal. It's a win-win for everyone because landlords don't want empty properties.
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