Originally Posted by Connemara
Two friends of mine are leaving their apartment, which is awesome. Fireplace, central air, washer/dryer, etc. It was gut renovated a year or two ago. They gave me an offer of first refusal and I am considering it. Ultimately I doubt it will work as their lease is up a month before mine and I'm not looking to pay double rent.
This is where you barter with the new landlord. There can be high costs to finding new lessees (especially good ones). The unit could sit empty for a month or more, you could have to pay 1 month's rent as a finders fee to a leasing agent, you could lease it to a deadbeat, etc. Often (although less so in busy markets) you also see places giving you your first month free--sure it is a trick to avoid reducing the rent (since it gets than an automatic increase in year 2 of the lease if you stick around), but it still costs the landlord $$$
If you want the place, get in contact and explain your situation. Hopefully your friends have been solid tenants and can vouch for you. Try to get the lease with the first month free, if that doesn't fly, try to meet them in the middle with a half month's rent. Then you get a sweet place and 2 weeks to move for a half month's rent. Also...with extra time to move, you can save the expense of hiring end-of-month movers since you can probably do it mostly yourself.
Originally Posted by Piobaire
Double rent for one month and a sweet new pad? I'd do it. I mean don't renters usually end up having two apartments during a move period?
I've never had to do so, and judging by the number of moving trucks I see on the first of the month, I'd say most people aren't doing it. That being said, last time I tried to find a place, I was looking to pay an extra month's rent to give myself time to paint and refurbish anything necessary before moving in on my own schedule.