Depending on the area where you choose to look for an apartment, you may find that some property management teams will offer something known as a look and lease special in order to get potential tenants in the door and ready to sign the lease with them. These can sometimes be really big things, and other times they can be small, but it will be based on the area and how much the property management company is trying to get the tenants to come and move in. The longer the apartment is open, the bigger the special.

A look and lease special is going to be one of the more common ways to entice tenants to sign a lease the same day that they look at a unit. Rather than having the tenant come look and then think about it for a few days, leaving the unit open and without any rent coming in, the landlord will try to entice them with something to get them to sign the lease and start moving in soon. The tenant gets something out of the deal, in addition to a nice apartment to move into, and the landlord will be able to fill the apartment faster, which avoids disruptions in their revenue.

There are different types of look and lease specials that a landlord or property management company can choose to offer. Some property management teams will get creative with what they are able to offer. For example, they could give a gift card, offer some off the first month’s rent, give a month of rent for free with a gift card, wave the security deposit, or something else. Most of the time, they will do some research on the market to determine what they are able to offer and what will entice the potential tenant the most. This can help them get someone in the door faster.

Shared housing in Lincoln Park is one of the best ways for you to take care of your living expenses and ensuring that it does not get too expensive to live in the area that you would like. There are a lot of benefits to these shared apartments, and we are proud to have some of the best of them right here. We welcome you to come and take a look at some of our shared units to see what the fuss is about and to determine whether this is the right place for you to call home. Come and take a tour today and see why these apartments are the best.