document.write( "Question 882991: If I give 2 weeks free rent to a tenant who pays fixed rent how long will it take me to recover the free rent? \n" ); document.write( "

Algebra.Com's Answer #533250 by JulietG(1812) $\"\"$ $\"About$

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There is not enough information here. You cannot \"recover\" that rent unless you charge a premium.
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\n" ); document.write( "Let's say that you normally charge $200/week for your apartment, but you'd like to attract renters by offering 2 weeks free.
\n" ); document.write( "To recover that rent over the course of a year, you would need to charge $\"2%2F52\"$ more rent. The rent would then be 200*2/52 or $208 weekly.
\n" ); document.write( "Think of it this way -- in a year, normal rent is 200*52 = $10,400
\n" ); document.write( "To make the same amount of rent in only 50 weeks, 10400/50= 208
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\n" ); document.write( "In real life, however, the incentive for two weeks' free pays for itself because the landlord will usually want a longer lease -- that means guaranteed occupancy of the apartment, a higher likelihood that the tenant will stay beyond the lease, and lower cleaning/repair expenses (there are always those expenses for new tenants even if the place is left clean.) \n" ); document.write( "

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