Cheap rent negotiating tips
Cheap rent negotiating tips
Whether signing a new lease or renewing an existing one, its always a good time to negotiate the lowest possible rent payment! This MovingTips.com exclusive will save you bundles.
A vacant rental property makes no dough for a landlord, and they much more incentive to bargain than most believe. These apartment bargaining tips will keep money in your pocket!
A successful bargainer will keep many things in mind. Here's a number of tips to consider.
Time to negotiate
The key to negotiating a low rent payment is having time on your side. Begin your process at least 2 months from your move date. Having too little time will limit your possibilities.
Know your market
Research what rental options exist. Include home rentals, condo rentals and apartment buildings. Confronting a potential landlord with lower priced options pressures them to drop their asking price. Freely mention all the other rental options to a potential landlord!
Understand your landlord's position
A landlord will be more likely to cut rent if a unit has been vacant or if the landlord has multiple units available. Remember, a landlord makes no money on a vacant rental unit!
Don't reveal your preferences
If you love swimming pools (or any other amenity) and an apartment has a great pool, don't admit you like the pool! When a landlord knows your the possess something a tenant wants, they'll be much less likely to budge on rent. If asked what you like in an apartment complex, state something the apartment does not have (a sauna, tennis court, etc).
Be the ideal tenant
From a landlord's standpoint, the ideal tenant always pays rent on time, is trouble free and occupies a unit for a long time. Providing proof you are this person encourage them to offer you a discounted rate. Provide a good credit history, positive rental references and state your preference to live in a location for an extended amount of time.
Make a low initial offer
Let your initial offer for an apartment be a low one. This gives you room to bargain. And who know, perhaps your low offer gets accepted!
A landlord's initial offer
Its a good practice to always reject a landlord's initial offer, even if the offer is one you're happy with. A first offer is rarely a landlord's best offer.
Bargain on the amenities
The price of rent isn't the only thing which one can bring up when signing a lease. If a landlord is unable to budge on rent, consider asking for free storage, a lower deposit, free utilities or an upgraded unit!
Discount for longer lease term
Inquire if your landlord will give you a price break if you sign a longer lease.
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