It can be difficult to find a perfect flat in any city. And, even if you find a home that suits your needs, a
high rent is something that can hold you back. But most people have no idea
that the rent can be reduced. After all, leasing a property is a business for
the landlord. And, he / she often quote a higher price because there is a
common belief that the tenant will negotiate the rent below.
In our opinion, it is worth
negotiating and getting the property at the best rental price. By saving on a
small percentage of rent, you can save thousands of rupees a year. This will
open many opportunities for you and your family.
If this is the first time that you
are negotiating a rent, you may be a little nervous about being bothered for
rent. So, to help you in this endeavor, here we have shared some useful tips.
How to Negotiate Rent as a New Tenant
When you go in for a home
inspection, do not give immediate satisfactory comment, even if the property is
like. It is better that you take a family member with you while going for home
inspection. And, instead of saying what you like about the house, try to find
some defect in the property and talk to your partner about it. This will make
the landlord feel that he should reduce the rent.
If you think about understanding
your situation, the landlord will deduct the rent himself, it will never happen
again. Therefore, you have to start a conversation. Once you start it, don't be
too stiff. Let the other person feel that he or she is also winning.
Also, think about what your
landlord will cost you in return for a lower rent offer. You should give him
some attractive offers, how good you are as a tenant. For example, you can
assure that you will keep the house clean and well. Also, you can tell him that
you will pay the rent on time.
How to Negotiate Rent as an Existing Tenant
After the expiry of the 11-month
lease period, the rent of the house can increase by 10 percent as discussed in
the rental agreement. This can be a major reason that you are changing homes
every year. But if you are not comfortable with the rental increase, it is
better to discuss the issue with the landlord.
By now, you can already create the
impression of being a good tenant. Therefore, the landlord will definitely want
you to continue living in the house.
Before negotiating rent with your
landlord, check the rent of comparable apartments in your area. If you find
that other flats in your area are available at a lower price, start making a
list of examples. The more data you have, the better. But if you are already
paying less than the standard rate for your flat, then it may not take much
luck to negotiate.
Ideally, you should negotiate
before your current lease expires. Make sure your landlord doesn't understand
that you ran to find a place. In addition, it is difficult to say no to someone
sitting on the phone with a person, because talk to him in person.
Important- Negotiation can be difficult, especially when you
have no prior experience in bargaining. Just be confident in your expectations
and be realistic with your expectations. Also, maintain a polite tone and
respect your landlord during the entire process.
