I'd be willing to bet you are trying to lease a high-rise unit in Midtown or Buckhead and they don't have a leasing permit. It's probably even priced a couple of hundred dollars less than its comps just to find a tenant quicker. This is a ploy that agents and owners have been using more and more to get around the whole lack of having a leasing permit.
I'm not saying it's a good or bad thing. I will say I personally wouldn't do it because you almost need an attorney to read the language in the actual transaction paperwork and I'm just not that quick to take leaps of faith. If you have a decent budget and reasonable expectations, I would probably move on. Or at least have an agent/broker represent your own interest and go in there with you on the transaction. That way, you know you are receiving a "fair" lease. If the other side writes it, who do they really represent?
If you are not working with YOUR OWN agent, please give me a call at 770-820-4319. If you do have an agent, they should already be in your ear on this. Best of luck and you never know- not saying it's a bad idea, just saying to be careful and know what you are doing or find someone that does.
Leasing Director, PalmerHouse Properties/ ForLease Atlanta