My landlord sent me a lease renewal and gave me a choice. One year lease renewal with a $25 increase or a two year lease renewal with a $75 increase. When I called him to get clarification, he said that the two year lease renewal is a better deal because it ensures that after one year, there won't be a much more substantial increase.
I understand what he is saying but I am already stretched pretty thin and I don't know if I can pay the $75 increase. But it's scary to think I could go through the year with this fairly manageable rent increase only to get slammed at the end of the year with something much higher. Any thoughts on this dilemma? Apologies if this is something that's been discussed before, and thank you!