Re:Maybe Americans aren't dumb enough to keep buying houses?
by pstack on Saturday May 14, 2011 @07:24PM
(#2548839)
In my experience, leases are exactly the opposite. You sign a lease for up to a year and are locked in at a certain price over that year and they do whatever the hell they want to when it comes time to renew your lease for the following year. Your option would be to switch from annual lease to monthly, but you're often looking at paying double the monthly rent, then.
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Re:Maybe Americans aren't dumb enough to keep buying houses?
by dantheman on Saturday May 14, 2011 @08:32PM
(#2548963)
Yeah my option is an annual lease, they can only change the rent @ the end of the lease (that's why the minimum when they go above the max is 1 year - basically you always have @ least a year at a predictable rate).