Can you negotiate a rent?

Bungarm2001

I'm always negotiable...the very few LA's that I use however, aren't as a rule, but they are coming around to the big 'N' word

SquatNow

Bungarm2001 wrote: »

I'm always negotiable...the very few LA's that I use however, aren't as a rule, but they are coming around to the big 'N' word

When discussing rent, it's the V word that counts.

VOID.

How much will a void cost you Mr LL. Did I look at 5 houses or 6? To be honest, in all the excitement, I don't really remember myself. So what is comes down to it this: Do you fell lucky? Well, do ya punk?

Currently, a large number of landlords would be bankrupted by a 2 month void, so have a pretty big incentive to be nice to you. Sadly, some landlords have more houses than brain cells and will refuse to negotiate. Avoid these ones like the plague, as other problems will always arise.

tbs624

Also bear in mind that many LAs (and some self-managing LLs) will deliberately advertise a property at a rent higher than the actual figure they want/need to achieve, simply so they have some room to play.

Bungarm2001

Personally, I always feel a bit insulted when the prospective tenant doesn't negotiate. It's a part of life for me...I have never willingly paid the asking price for anything, so it's only fair to expect the same attitude to be aimed right back at me occasionally.

Squatnow; Lucky is my middle name mate

carl1981

SquatNow wrote: »

When discussing rent, it's the V word that counts.

VOID.

How much will a void cost you Mr LL. Did I look at 5 houses or 6? To be honest, in all the excitement, I don't really remember myself. So what is comes down to it this: Do you fell lucky? Well, do ya punk?

Currently, a large number of landlords would be bankrupted by a 2 month void, so have a pretty big incentive to be nice to you. Sadly, some landlords have more houses than brain cells and will refuse to negotiate. Avoid these ones like the plague, as other problems will always arise.

I see some crap on this board, but this takes the biscuit!!

I don;t think most LL's would be bankrupted by 2 month voids - maybe a fair proportion would need to (ab)use credit cards / cash advances, but £1,000 - £1,500 isn't going to bankrupt the kind of person who can qualify for a BTL (in other words, someone who had the means to get together 15% deposit and sufficient income outside of rental to cover such eventuality). My guess is that most LL's could get hold of £15k without *too* many problems.

I agree that those highly geared with too many prop's might struggle if all tenants leave at once, but that's not most LL's.

fatpig_2

It's mandatory in today's market

Blairweech

Read this article from The Fool, it is all about negotiating rent

MoneySavingSpender

Blairweech wrote: »

Read this article from The Fool, it is all about negotiating rent

From a Landlords perspective, what an annoyingly good article

Although does make me realise, more I suppose, how much I've benefited from ignorance though

currynchips

Some of the places we are looking at are unfurnished, and as we are moving 300 miles it will cost us a fair amount to move what we do have. If they will provide white goods etc then I could take the asking price, but without furnishings perhaps knock a bit off?

sooz

MoneySavingSpender wrote: »

From a Landlords perspective, what an annoyingly good article

Although does make me realise, more I suppose, how much I've benefited from ignorance though

Very good article, but I wouldn't offer to sign up for 3 years with no break clause :eek:

If she & her boyfriend break up, or need to relocate for jobs, or start a family & need more room, it may cost her a lot more than she's saved on the weekly rent to get out of that contract.

And from the LL's point of view, it's a long time to wait until the end of the fixed term to serve notice. Yes, she might be able to get them out with a section 8, but if they know how to work the system it could take a very long time.