Can landlords or property managers legally offer discounts or incentives for renewing leases?
Last Updated: 21.06.2025 03:03
In a lease transaction, discounts or incentives are not usually offered since a lease is not the same as a sale. Promoters of layout plots and luxury flats may offer cars, gold coins, etc. as their promotional activities to attract potential buyers. On the other hand, when renewing a lease, the rent is typically increased by 5% or 10% over the last paid rent depending on the property's location.