In today’s suffering economy some San Diego renters are now preferring month-to-month agreements over long-term agreements due the fact of employment situations and contractual commitments, but is that really best? The belief that a long-term lease agreement attracts and best serves qualified renters still stands, as well as the loss from reoccurring moving costs completely overshadowing any benefit of remaining free to do so.
Landlords like to retain their existing quality residents when their lease expires because owners lose money connected to tenant turnovers. Tenants who pay their rent on time and keep up the shape of the rental can receive preferential treatment at lease renewal.
On another note, as a month-to-month tenant, you’re not protected from multiple rent increases, and owners will likely postpone requested maintenance until you move out. Other negative circumstance that exist currently are owners that are selling their primary homes and consolidating their property holdings to preserve equity. In these cases, owners are vacating their tenants from their rental properties to move in themselves.
When you’re on a long-term rental lease, no one can ask you to vacate the property on a whim or with a short-term notice and most importantly, if a property is foreclosed upon, an agent and the bank must abide by the rental contract.
Last, but not least, the San Diego coast rental inventory is low right now and it may be difficult to find another rental should the landlord ask you to leave because you didn’t take a long term lease.
