I'm curious about the rental rates for the apartment I'm living in. I'm currently paying $1250/mo on an 18-month lease, and they're offering the following for renewal. What would make them charge so much more going from 15 to 14 month leases, and then charge less for an 11 month lease than the 14, 13, or 12 month leases? This is Plano, TX. I'm grateful that it's not going up very much for most of the lease terms, just curious what makes the 14, 13, and 12 month terms so much higher.
Thanks in advance!
Lease term Rate
18 months - $1287
17 months - $1290
16 months - $1292
15 months - $1295
14 months - $1548
13 months - $1551
12 months - $1556
11 months - $1313
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source https://www.reddit.com/r/RealEstate/comments/1e8i6hg/rental_rate_based_on_lease_term_question_plano_tx/
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