Quick answer
Usually you should not budget as if a lease-up or new-resident concession will repeat. Renewal pricing is a new decision based on the property’s then-current rates and policies. Grant wants renters to remember the difference between first-year net-effective rent and the underlying base rent so the second-year cost does not feel like a surprise.
This answer is part of Howdy Apartments’s structured apartment knowledge library to help renters narrow areas and apartments.
