Tuesday, October 17th, 2017

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Can You Negotiate the Price of Your Apartment Rental?

More often than not, you’re in a rush when you’re looking for the perfect apartment. It isn’t the easiest thing in the world to find that perfect apartment that is within your means of affording. So when you find something that is perfect and is within or almost within your budget, you want to snatch it up. Fast. But what if there’s something in the lease that isn’t exactly favorable? What if you could get that same apartment at a lower price? I bet you wouldn’t be so quick to sign the dotted line immediately, right?

After you’ve signed the contract, you’re bound to it. That’s that. There’s no room for negotiation and you can’t just decide you don’t want to go through with it (well you could, but you’ll probably pay pretty little fee for it). So before you pick up the pen, take the time to actually read and understand what you’re signing. If there’s something you don’t like or if you would like to try to get it a little cheaper, you can often times do just that – believe it or not.

Take a little time to get to know the landlord some. Are they the owner? Are they management for the complex? Getting to know his likes/dislikes, history, pet peeves and dealings he’s had with tenants in the past will help you bargain with him. At the same time, let him get to know you some. Just be yourself and be courteous. When you accomplish these tasks, you have the benefit of a little bit of trust between you and him – something many potential tenants simply won’t have.

Never attempt to negotiate lease terms while other possible tenants are around. See if you can schedule a time to privately meet with the landlord. Of course, make sure you actually qualify for the apartment before trying to negotiate anything.

When you meet with him to discuss his apartments for rent, be ready to explain why your proposed changes are appropriate. If you have a wonderful rent history and are always a good tenant then you get brownie points and extra bargaining power. Be sure he’s aware of how good a tenant you are, nut do it nicely.

If you follow these simple steps, you’ll greatly increase the odds of getting the rental terms changed. Stay flexible and see if there’s a middle ground that can both agree on. Also, it’s important to note that if you do succeed in getting the changes you want that you get those changes in writing. Don’t settle for a verbal ‘ok’ If you do, you could end up in hot water later.

Veronica Davis is a freelance copywriter for businesses online. She works extensively with a number of real estate related sites and realtors, helping them with their website content, blogs, social media and marketing. She has worked with a large range of clients over the years, from helping small site owners establish a profitable presence online to blogging for Planet Green.

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