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Thrifty Commandments
#4: Never go into debt for a depreciating asset

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Article Index
Guide to Thrifty Rent
Have a Clean Credit Report
Be an Ideal Renter
Negotiate Your Rent
How to Rent from Large
Apartment Communities
Ask for Cash Rebates from
Apartment Locators
Negotiate with Apartment
Locators
Get Apartment Rebate Promises
in Writing
Look for Other Sources of
Rent Cash Back
Sign a Long-term Rental Lease
Calculate What Rent You can
Afford
Beware of Extras Rent Charges

Mr. Thrifty Principle #8: Sign a long term lease but watch out for the breaking your lease trap

Sign the longest term lease you can reasonably sign, but be careful never to get into a situation where you might have to break your lease. Mr. Thrifty says, “Breaking a lease is a license for an apartment owner to rob you blind.” The best deals are available to those who can sign 6, 9, or 12 month leases. Don’t even contemplate a 12 month lease if you know you will be graduating or transferring within 9, 10, or 11 months. Most landlords will just say, “sorry, you still have to pay.”



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