How do I ask my landlord to not increase rent?
The best way is to simply and politely ask. It has been tough times for tenants and landlords alike during the pandemic. If you’ve been a consistent and reliable tenant, there’s a great shot that you’ll be able to have a positive conversation with your landlord about keeping your rent stable.
You can remind them that you’ve made all of your payments during the pandemic consistently even though times have been tough. You can even offer to sign a longer lease. If you normally sign a 1 year, offer to sign a 2 year. Right now, as a landlord, the biggest unknown is if I lose a reliable tenant then how do I know that I won’t get a non-reliable tenant as a replacement?
Your landlord is under no obligation to extend your lease and depending on where you are located, your landlord may be able to force you to leave because your lease has ended. Protections exist at the federal level for non-payment evictions. However, there is a patchwork of different eviction protections across the nation, states, and your local area. You will need to check with local resources to understand what your rights are. Search for Tenant-Landlord legal help groups for advice or seek out an attorney.
You might be able to get the landlord to lower rent, but only if you can make the case in terms he understands and cares about. He doesn’t care about the cosmic harmony (or lack thereof) involved in two people paying for three rooms.
Your landlord has sunk a bunch of time and money into this property. He has an expectation of what the rent is based on supply and demand. If you can convince him that his understanding of either factor is incorrect, then you’re in good shape. If you can convince him that lowering the rent will result in some other benefit to him (risk mitigation, for example?), then you’re in good shape. For example, maybe you might offer to sign a lower-rent lease but for a longer term, with harsher penalties for breaking it? That way, he doesn’t have to worry about finding tenants for a little while longer. Of course, you better know what you’re doing, because you’re making a commitment.
Reasons to ask for a rent reduction
|2||Competing properties have lower rent|
|3||Lack Of Amenities|
|4||Significant increase from your current rent price at time of renewal|
Additional leverage when you negotiate rent
|1||You have always paid on time|
|2||The apartment is in good condition|
|3||You have not any complaints from neighbors|
|4||Empty apartment cost the property owner|
|5||A longer lease term could help lower the rent|
How to write a letter negotiating lower rent in 5 steps
|1||State your intent|
|2||Emphasize your value|
|3||Use research to back your request|
|4||Consider including your personal situation|
|5||Provide next steps|
Sample rent reduction letter
Current Address (with unit number if applicable)
City, State, Zip Code
Landlord or Apartment Company’s Name
City, State, Zip Code
Re: Request to Lower Monthly Rent Payment
Dear [Landlord’s name]:
I wanted to reach out today to ask if we could discuss lowering my rent. Since I moved in [month and year your lease started], I have loved everything about living here. Unfortunately, finances have been difficult lately and I would greatly appreciate a reduction in rent.
I believe I’ve been a considerate resident throughout my tenancy. I have always paid my rent on time and in full. I have kept the apartment in good condition and have been kind and respectful to my neighbors.
After researching rents in the area, I think a slight rent reduction is reasonable compared to what others are paying. I have a good idea of what is realistic and am not looking for anything drastic. I would like to request a [insert amount here] reduction of my monthly rent, which I believe is fair and in line with rent for comparable units in the neighborhood.
Maintaining my residency here is important to me, but it will also benefit you, too. You’ll avoid the expense of listing the vacancy and preparing the unit for a new tenant, and you’ll save time by avoiding the application process. Plus, there’s always the possibility of a loss of rental income while you search for a new tenant.
In exchange for a rent reduction, I’d be happy to pre-pay, sign a longer lease commitment, or extend the termination notice time an extra month or two. If neither of these interests you, I’m open to other ideas that might work for you.
Unfortunately, as much as I enjoy living here, my financial situation demands less expensive rent. I can save money by moving elsewhere, but I’m hoping we can agree on new terms so that I can remain a resident here. Please let me know your thoughts at your convenience. If you wish to discuss this further, do not hesitate to reach out.
Your Apartment Address and Unit Number
However, rent laws ussually vary from state to state so you better consult local lawyer before finalising anything.
When is the best time to negotiate rent?
When your lease is due for renewal.
How much of a rent reduction should you ask for ?
It’s best to stay within $50-$200 of the asking price.
What happens if your request is denied?
Then You should look for a new apartment that fits the needs of your budget.
Do I have to submit my request for lower rent in writing?
Yes , it can increase your rent reduction possibility.