Q: I received an early renewal rate, and now they say they can't honor the pricing because it was incorrect. What can we do
They quoted us $1,498 for a 14 or 15-month lease. They said the pricing was incorrect when I responded to renew us at the 14-month deal. Should they have to honor that original pricing?
The pricing they corrected it to is $1,869 a month for a 14-month lease.
A: Because the lease is for longer than one year, a written lease agreement is required to hold either party to the terms. Without a written lease signed by them, you cannot hold them to the quoted renewal rent. You can holdover and pay whatever rent is required under your existing lease as a holdover tenant. Or you can move out and rent a different place at rent you can afford.
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