How to negotiate the rent of your flat with the landlord?

Finding a perfect rental flat is not a plain-sailing task as usually, we have to devote enough time in researching each option in hand. And, after putting in a lot of effort, even if we find the perfect flat, we often reject the best option because of its high rent. But before finalizing or rejecting a property, we must negotiate the rent with the landlord. Like most other businessmen, a homeowner also quotes a higher rent because he/she feels that the other party will try to negotiate it down.

However, if you have never done it before, haggling for the rent can be a bit difficult. In this write-up, we have shared some useful tips for new and existing tenants.

Tips to Negotiate Rent as a New Tenant

When inspecting the house for the first time, you should avoid giving a satisfactory remark about the property. Instead, you should pinpoint a few drawbacks, such as the kitchen seems to be too small, there is no provision for daylight in this room and so on. But make sure that you do not overdo it; otherwise, the landlord will consider you unsuitable as a tenant.

Remember you have to start the negotiation process yourself. And, the best way to win it is by showing the landlord that you will be the most suitable person as a tenant. For example, you can assure the landlord that you will always keep the house clean and you will pay the rent on time.

Tips for Negotiating Rent as an Existing Tenant

Till now, you might have created the impression of being a good tenant. So, remind your landlord about the same.

Before you start negotiating, research the rental prices of similar properties in your area. If you feel that the new rent of the house will be higher than most other similar flats in the area, then tell your landlord that you will not be comfortable in paying the increased amount.

You should always negotiate the rent at least a few months before the completion of your rental agreement. In this way, the landlord will get the time to reflect upon his decision. Moreover, you will also get the time to find better alternatives if the landlord rejects your request.

Conclusion- Negotiating the rent can be a bit tricky. So, before doing this, you should plan ahead. With the above-mentioned tips in hand, you can easily negotiate the rent down and save thousands of rupees.