Is Your Landlord Willing to Negotiate Rent?
If you're considering approaching your landlord to negotiate your rent, the results of a recent online survey by the National Association of Independent Landlords may give you added confidence.
More than two-thirds of the 496 independent landlords across the United States who responded to the survey indicated they would be willing to lower rents to help tenants in need.
Among these landlords who are willing to negotiate, the majority (61%) would slash rents up to 5%, a strong minority (29%) would go as far as cutting rent by up to 10%, and the remaining respondents would consider even steeper cuts to retain good tenants who are strapped for cash.
Already, roughly one-third (32%) of these landlords appear to have put their money where their mouth is, claiming to have discounted rent at their buildings at least once in the past 18 months.
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Comments
I believe that if your landlord has a good tenant and wants to keep him or her. They will reduce the rent to keep their good tenants.
Rents can usually be negotiable depending on the individual case: the length of the stay, the tenants credibility, credit score, securities, number of people staying, the general demand at the time etc.