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How can I negotiate for lower rent for my apartment?
I have been living in this apartment for two years and I would like to ask for lower rent or, even better, some free months. When I first moved in they gave me 3 free months. Could I still negotiate a better deal?
12 Answers
- Anonymous1 decade agoFavorite Answer
Well first you have to find out their occupancy. If they are fully occupied, more likely you will not get a dime from them. If their occupancy sucks, I'd say %70 or less, then the'll be able to negotiate with you. last thing they want is another person moving out. Looking at the realestate market though, it's more likely that they are pretty well occupied. Rents are going up due to the houing market being so high and people not being able to afford a home right now. I am in the same boat. I am renting. I used to be in property managememt thought. Well, first find out what they are offering the public outside as a new resident, then find out the occupany...have a friend call if you are too shy...act like you are doing your monthly survey from another aparment complex. If the occupany is low, and they are actually offering free bee's to the new commers, then you can try and talk with the manager about offering you the same. If she refuses, and you are in not in a lease agreement, or close to signing a new one, at this point, call the home office. Explain to them that you are indeed a good resident, pay on time, and would love to stay. But maybe add that you don't feel that management is doing anything to keep you. It would be more expensive for them to make your apartment move in ready, after you moved out, then just to give you a month free. See if they will reason with you. Home office might as well do what is in your and their best interst, is to keep the occupany high. After all, this is how they make money. Good luck.
- dcgirlLv 71 decade ago
You will have a hard time getting a landlord to agree to this! The free months offer is designed to attract new tenants, not reward the existing one. I would recommend talking to your landlord and see if he/she is willing to drop the rent a bit in exchange for a long-term lease. As a landlord, I hate having an empty apartment and I love keeping my tenants on as long as I can (well, the good ones at least). If one of my current tenants were willing to sign a 3-year or a 5-year lease, I'd consider giving them a couple of months free. If you are a good tenant and realistically expect to be in that apartment for that long, it's probably the best angle you have.
- Anonymous5 years ago
each and every thing's allowed. the aspect they're searching at is not any matter if or not they get a tenant or no longer. Renters have so much better skill than they comprehend. See, the owner is at present dropping 920/month through holding the position empty. So, grant them this. 850/month. 2 months loose. and also placed it contained in the settlement that that's a one 3 hundred and sixty 5 days employ, notwithstanding the lease price is certain for 3 years. they are going to probable take it. If no longer, discover some thing else.
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- 1 decade ago
The first way to negotiate is to ask. Renters should always ask for lower rent. It doesn't hurt.
For signing a new lease, you could "negotiate: no increase this year, but only a $10 increase next year". Or if you do get an incentive from the landlord of $100 off for remaining a steady tenant, prorate it over the lease term instead of taking it in one lump sum. Ex. $800 rent for a 12month lease; $792/mth verses $700 for 1mth and $800 every month thereafter. Sometimes $8 in your pocket, is better than in theirs. :-)
- kingstubbornLv 61 decade ago
You could try, but why should the landlord do that?
You need to know what comparable properties in your neighborhood are renting for, and present that info to your landlord. You have to realize that you also have to be willing to move out...if the landlord knows you won't, there is no reason for him to concede. But also, if he calls your bluff, you might have to move whether you wanted to or not.
What you are hoping for is very very unlikely.
- ?Lv 41 decade ago
If you are living in a apartment by a private owner it might be possible, but if a leasing company owns it than highly doubtful. And why should they do that anyways? You pay for apartment so you have somewhere to live. That's like asking your car dealership to let you skip a few car payments. They will probably laugh at you when you ask them...lol
- 1 decade ago
It can be done....just not too likely.
I own 4 units and I have never lowered the rent...only rasied it.
for me to lower the rent i would need to see my tenents moving out to places of equal or higher quality for the same rent. if not, there is no way i would lower the rent.