By Adam Frisch, Managing Principal, Lee & Associates Residential NYC

When it comes to lease renewals, tenants and owners have different priorities. From the tenant’s perspective, there are definite benefits to signing a renewal, such as the stability of staying in place and truly making the space one’s own, not having to move and knowing what one will be paying. As for owners who are attempting to make a profit, they shouldn’t be timid about sending out rent increases given all the benefits to tenants of staying put.

Click here to read more of Adam’s thoughts in Mann Report Management.