(Closed) How to ask for a lower rent

posted 5 years ago in Home
Post # 2
Member
2697 posts
Sugar bee
  • Wedding: March 2015

Very simple, call your landlord and tell him you can’t afford to pay 700 for the apartment but would be willing to pay 450 when you renew. If he says no, move out.

Post # 3
Member
496 posts
Helper bee
  • Wedding: City, State

I successfully did this a few years back with my old landlords. I took screenshots of ads of places in the neighborhood to negotiate. Could you move to get more space if they say no? Good luck.  

Post # 4
Member
15200 posts
Honey Beekeeper
  • Wedding: June 2011

Show the landlord similar listings in the area that are going for that price and tell him you’d like to have your rent adjusted to the current market.  If he says no, then move to one of those other places.  Since you’re just renting, there’s no reason to stay there and pay more when you can get something for less down the street. 

Post # 5
Member
1132 posts
Bumble bee
  • Wedding: January 2010

As a landlord myself, I would never entertain the request to lower rent in the middle of a lease. You signed an agreement to pay that amount through July and your landlord has no reason to alter that. In June when your lease is ending, you can try to renegotiate, maybe by offering a longer lease term in exchange for lower rent. Or just move to  different, cheaper apartment at that time.

Post # 6
Member
417 posts
Helper bee
  • Wedding: June 2016 - Vineyard & Winery

Once you follow the advice of the above bees, keep this in mind: If you guys pay your rent on time (like, every month), keep the place in tip top condition and alert the landlord to any potential issues (proactively), then you should have NO problems getting what you want. It’s actually very hard for a landlord to find good renters, so once they find somebody good they’ll usually go out of their way to keep them. Otherwise, they risk finding a new renter in a timely manner = money out of their pocket AND the possibility of getting in somebody new who is late on payments and trashes the joint!

Just remember, YOU have the upper hand in that type of market.

I live in a super competitive market in LA and I was able to negotiate my rent with the owner with no problem! This was in the middle of the lease, too.

Post # 7
Member
1071 posts
Bumble bee

View original reply
ExcitedScaredBee:  Another landlord here and I completely agree with you. I wouldn’t entertain that request. Maybe when the time comes to renew but in my area the longest my place has been vacant is 3 weeks so I would just let them move out. Especially because they are asking for such a huge drop. It’s hard to imagine prices plummeting that quickly. 

Post # 8
Member
3163 posts
Sugar bee

Agree ^ And in that conversation refer to comparable rentals, preferably ones that are on their books.

Post # 9
Member
436 posts
Helper bee

Another landlord here. I wouldn’t entertain the idea. You signed a lease and have the honor the terms of it regardless of the rental market. At the end of your lease if you don’t like the terms then move to one of the other places.

Post # 10
Member
436 posts
Helper bee

Side note. Even with changes in the market properties still have mortgages and costs to maintain. The landlord will not go below their costs to own and maintain even if you are the perfect tenant. 

Post # 12
Member
1902 posts
Buzzing bee
  • Wedding: April 2016

View original reply
maddybee:  Wait… are you asking to have it lowered BEFORE July/renewal? You have a contract, sure you could ask… but highly unlikely this would happen. At renewal, maybe. But be prepared to moved. Start saving now.

Post # 14
Member
13906 posts
Honey Beekeeper
  • Wedding: November 1999

Good luck.  Just know that you signed an agreement to pay 700 until July, and your landlord has no reason to change the lease mid-term and you may be out of luck.

The topic ‘How to ask for a lower rent’ is closed to new replies.

Find Amazing Vendors