Re:Algorithmic price-fixing of rents is here
by koolba on Saturday August 10, 2024 @09:33PM
(#41213405)
> Does anyone know in general why rental properties aren't negotiated further in advance?
Because it’s a game of chicken between the landlord and the tenant. The landlord usually has some rules for notification (e.g., 30-60 days before expiration) and the tenant usually has something similar for notice to leave.
Nothing stops either from notifying or agreeing to a longer agreement before the old one expires. Though with larger buildings (vs individual owners) it’s less likely they’d be willing to diverge from their standard operating procedures and timelines.
Because it’s a game of chicken between the landlord and the tenant. The landlord usually has some rules for notification (e.g., 30-60 days before expiration) and the tenant usually has something similar for notice to leave.
Nothing stops either from notifying or agreeing to a longer agreement before the old one expires. Though with larger buildings (vs individual owners) it’s less likely they’d be willing to diverge from their standard operating procedures and timelines.