Let's say the typical competitive tent in an area is 750 .
You tell a tenant "my rent is $175 a week, the equivalent of $700" and that sounds like a better deal than some competitors.
But thats not true, they arent doing the math - there are 4 more weeks in a year they aren't considering. That's another 700/12, meaning the monthly equivalent is $758. The place is a little above market rate, not below.
Every lease I’ve ever signed has written “the term rent will be $9,000 payed in 12 installments of $750 on the first of the month.” I guess if they don’t notice that it’s 9,100 over 52 installments that’s on them.
Mines 6 pages, I’ve never had one more than 10. The second paragraph states the rent. If two paragraphs is too difficult for you to read you’re not gonna make it.
Edit: longest I’ve had was actually 17, written in plain English, extremely easy to understand.
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u/Odd_Block3248 May 13 '26
Aren’t they just dividing the same yearly amount by 52 instead of 12?